This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various pharmacologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its structural features make it a valuable building block for designing drugs that interact with specific receptors or enzymes in the body. Additionally, it is explored in the development of potential treatments for conditions like anxiety, depression, and hypertension. Researchers also investigate its role in creating novel compounds with improved efficacy and reduced side effects. Its application extends to organic synthesis, where it is used to construct complex molecular frameworks for further chemical exploration.