This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its structure is often incorporated into compounds designed to modulate specific receptors or enzymes, making it valuable in the creation of potential therapeutic agents. Additionally, it is explored in the development of novel drugs due to its ability to enhance pharmacokinetic properties, such as bioavailability and metabolic stability. Researchers also investigate its role in the design of small-molecule inhibitors for treating diseases like cancer and inflammation.