Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of cardiovascular drugs. It plays a role in the creation of compounds that modulate heart function, such as certain inotropic agents designed to treat heart failure. Its structure supports binding to specific cardiac receptors, enhancing myocardial contractility. Also investigated for use in neuroprotective agents due to its ability to cross the blood-brain barrier and interact with central nervous system targets. Employed in research settings to develop new treatments for degenerative neurological conditions.