This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of various drugs, including those targeting neurological and cardiovascular disorders. Its structure allows for further functionalization, making it valuable in medicinal chemistry for creating molecules with specific biological activities. Additionally, it is employed in research settings for the development of novel therapeutic agents, aiding in the exploration of new drug candidates. Its role in organic synthesis also extends to the preparation of complex molecules for biochemical studies.