This compound is primarily utilized in the field of organic synthesis as a key intermediate in the production of various pharmaceuticals. Its unique structure makes it valuable for the development of compounds with potential biological activity, particularly in the synthesis of molecules targeting neurological and cardiovascular disorders. Additionally, it serves as a building block in the creation of complex organic molecules, aiding in the exploration of new therapeutic agents. Its application extends to research laboratories where it is used to study chemical reactions and pathways, contributing to advancements in medicinal chemistry.