Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of compounds targeting central nervous system disorders, including potential treatments for anxiety and depression. Additionally, it plays a role in the development of novel therapeutic agents for cardiovascular diseases. Its versatility in chemical reactions makes it a crucial building block in medicinal chemistry, enabling the exploration of new drug candidates with improved efficacy and safety profiles.