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 bioactive molecules, particularly those targeting neurological and cardiovascular disorders. Its structure is often explored for developing potential inhibitors of specific enzymes or receptors involved in disease pathways. Additionally, it is investigated for its potential role in modulating cellular signaling processes, making it a candidate for drug discovery programs focused on treating conditions like anxiety, depression, or hypertension. Researchers also study its derivatives to enhance pharmacokinetic properties, such as bioavailability and metabolic stability, for therapeutic applications.