This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the creation of compounds targeting central nervous system disorders, such as anxiety and depression, due to its structural compatibility with receptors in the brain. Additionally, it is employed in the development of potential therapeutic agents for cardiovascular diseases, leveraging its ability to interact with specific enzyme systems. Its application extends to the study of receptor-ligand interactions, aiding in the design of novel drugs with improved efficacy and selectivity.