This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting neurological and cardiovascular diseases. It serves as a key intermediate in the production of inhibitors for enzymes like phosphodiesterase, which are crucial in regulating cellular signaling pathways. Additionally, it is employed in the development of anti-inflammatory and anti-cancer agents due to its ability to modulate specific biological targets. Its structure allows for further functionalization, making it valuable in medicinal chemistry for creating novel therapeutic molecules.