This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and cardiovascular disorders. Its structural framework is valuable in designing molecules that interact with specific enzymes or receptors, making it a crucial component in the creation of potential therapeutic agents. Additionally, it is explored in the development of novel drug candidates due to its ability to enhance pharmacokinetic properties and improve drug efficacy.