This compound is primarily utilized in pharmaceutical research and development due to its potential biological activity. It serves as a key intermediate in the synthesis of various pharmacologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its structural framework is valuable in the design of compounds that may interact with specific enzymes or receptors, making it a crucial component in drug discovery. Additionally, it is explored in the development of novel therapeutic agents for conditions such as hypertension, anxiety, and depression, owing to its potential to modulate biological pathways effectively.