This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its unique structure allows it to act as a building block for creating compounds with potential therapeutic effects, such as enzyme inhibitors or receptor modulators. Researchers often explore its applications in drug discovery programs to develop new treatments for conditions like Alzheimer's disease, Parkinson's disease, and hypertension. Additionally, it may be employed in the study of molecular interactions and the development of novel drug delivery systems.