This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. It serves as a building block for the development of compounds with potential therapeutic applications, particularly in the treatment of cardiovascular diseases and central nervous system disorders. Its structure is often modified to enhance bioactivity and selectivity in drug design. Additionally, it is explored in research for its potential role in inhibiting specific enzymes or receptors, contributing to the development of novel therapeutic agents. The compound's versatility makes it valuable in the discovery and optimization of new drugs.