Used primarily in the development of pharmaceutical agents, particularly as a key intermediate in the synthesis of selective adrenergic receptor modulators. Its structural features enable interaction with beta-adrenergic receptors, making it valuable in research for cardiovascular and respiratory drugs. The compound's ability to cross cell membranes and bind with high affinity supports its use in creating treatments for hypertension, asthma, and other conditions involving smooth muscle regulation. Additionally, its carbazole and phenoxy moieties contribute to antioxidant and anti-inflammatory properties, opening avenues for neuroprotective drug research.