Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of vasodilators and antihypertensive agents. It plays an important role in the development of compounds targeting the central nervous system due to its structural similarity to bioactive alkaloids. Commonly utilized in research for creating derivatives with potential therapeutic effects, including those with antiarrhythmic and neuroprotective properties. Its reactivity allows for easy functionalization, making it valuable in medicinal chemistry for drug discovery and optimization.