Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of compounds targeting neurological disorders, including potential treatments for depression and anxiety. Additionally, it finds application in the development of novel therapeutic agents for cardiovascular diseases, leveraging its unique chemical properties to enhance drug efficacy and stability. In the field of organic chemistry, it is employed in the preparation of complex heterocyclic compounds, which are essential for advancing medicinal chemistry and drug discovery efforts.