This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its structure is often explored for potential therapeutic applications, including the development of inhibitors for specific enzymes or receptors involved in disease pathways. Additionally, it is studied for its potential use in creating novel compounds with anti-inflammatory or analgesic properties. Researchers also investigate its role in organic synthesis, where it may be used to construct more complex chemical entities for drug discovery programs.