This compound is primarily utilized in pharmaceutical research and development due to its structural properties, which make it a valuable intermediate in the synthesis of various biologically active molecules. It is often employed in the creation of compounds targeting neurological disorders, as its structure can interact with specific receptors in the brain. Additionally, it serves as a building block in the development of potential drugs for cardiovascular diseases, owing to its ability to modulate certain enzymes and pathways involved in heart function. Its versatility also extends to the field of oncology, where it is explored for its potential in designing inhibitors that target cancer cell proliferation. Researchers value this compound for its role in medicinal chemistry, particularly in optimizing drug efficacy and selectivity.