This compound is primarily used in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the production of various therapeutic agents, including those targeting neurological disorders and cardiovascular diseases. Its structure is valuable for creating compounds with potential receptor-binding properties, making it useful in drug discovery pipelines. Additionally, it may be employed in the study of enzyme inhibition and modulation of biological pathways, contributing to the development of novel treatments for complex medical conditions.