Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of drugs targeting cardiovascular and neurological disorders. Its structure allows for modifications that enhance the efficacy and specificity of active pharmaceutical ingredients. Additionally, it is utilized in research settings to study biochemical pathways and receptor interactions, aiding in the discovery of new therapeutic agents. Its role in synthesizing complex molecules makes it a crucial component in medicinal chemistry.