Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the creation of compounds targeting neurological disorders, including potential treatments for depression, anxiety, and other central nervous system conditions. Its structural properties make it suitable for modifying and enhancing drug efficacy, bioavailability, and selectivity. Additionally, it plays a role in the development of novel therapeutic agents for cardiovascular diseases, showcasing its versatility in medicinal chemistry.