This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of various therapeutic agents, including those targeting neurological and cardiovascular disorders. Its structural properties make it valuable for creating compounds with potential bioactivity, especially in the design of drugs that interact with specific receptors or enzymes in the body. Additionally, it is explored in the development of novel analgesics and anti-inflammatory medications due to its potential to modulate pain and inflammation pathways. Its application extends to organic chemistry, where it is used in the preparation of complex molecules for further pharmacological evaluation.