This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly those targeting neurological and cardiovascular conditions. It serves as a key intermediate in the production of drugs that modulate neurotransmitter activity, such as dopamine and serotonin, making it valuable in the development of antidepressants and antipsychotics. Additionally, its structural properties enable its use in the creation of vasodilators, which help manage hypertension and improve blood flow. The compound is also explored in research for its potential applications in treating neurodegenerative diseases like Parkinson's and Alzheimer's due to its ability to interact with specific receptors in the brain.