This compound is primarily utilized in the synthesis of various pharmaceuticals and organic compounds. It serves as an intermediate in the production of drugs, particularly those targeting cardiovascular and neurological conditions. Its structure allows it to act as a building block for more complex molecules, enhancing their efficacy and stability. Additionally, it is used in research and development for creating new therapeutic agents, contributing to advancements in medical science. Its applications also extend to the field of organic chemistry, where it is employed in the preparation of specialty chemicals and fine chemicals.