Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of compounds targeting neurological disorders, such as anxiety and depression, due to its ability to interact with specific receptors in the brain. Additionally, it is employed in the development of potential drugs for cardiovascular diseases, leveraging its unique chemical framework to enhance efficacy and selectivity. The compound also finds use in organic synthesis, where it acts as a building block for more complex molecules in medicinal chemistry.