Used in the synthesis of various pharmaceutical compounds, particularly those targeting neurological and cardiovascular conditions. It serves as an intermediate in the production of drugs that modulate dopamine and serotonin receptors, aiding in the treatment of disorders like Parkinson's disease and depression. Additionally, it plays a role in developing vasodilators, which help manage hypertension and improve blood flow. Its structural properties make it valuable in organic synthesis, enabling the creation of complex molecules with potential therapeutic benefits.