This compound finds application in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of certain drugs, including those targeting neurological and cardiovascular conditions. Its structure allows it to act as a building block for more complex molecules, enabling the creation of compounds with specific therapeutic effects. Additionally, it is utilized in organic chemistry research for studying reaction mechanisms and developing new synthetic pathways. Its versatility makes it valuable in both industrial and academic settings for advancing medicinal chemistry and drug discovery.