This compound is primarily utilized in the field of medicinal chemistry and pharmacology. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular systems. Its structure is often incorporated into the development of receptor ligands and enzyme inhibitors, which are crucial for drug discovery processes. Additionally, it has been explored in the creation of compounds with potential anxiolytic, antidepressant, and antihypertensive properties. Its role in research extends to studying molecular interactions and optimizing drug efficacy and safety profiles.