This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the creation of various therapeutic agents, including those targeting neurological and cardiovascular disorders. Its structural properties make it valuable for designing compounds that interact with specific receptors or enzymes in the body. Additionally, it is employed in the study of drug metabolism and pharmacokinetics, aiding in the optimization of drug candidates for improved efficacy and safety.