This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its structural framework is often incorporated into the design of inhibitors for specific enzymes or receptors, contributing to the development of potential therapeutic agents. Additionally, it is employed in the study of structure-activity relationships (SAR) to optimize drug efficacy and selectivity. Researchers also explore its use in creating novel compounds with anti-inflammatory or anti-cancer properties, making it a valuable component in drug discovery pipelines.