Used primarily in the synthesis of pharmaceuticals, this compound plays a crucial role in the development of drugs targeting cardiovascular diseases. It acts as a key intermediate in creating compounds that exhibit vasodilatory effects, helping to manage hypertension and improve blood flow. Additionally, it is utilized in research for designing molecules with potential anti-inflammatory and analgesic properties. Its structural framework is also explored in agrochemicals for developing herbicides and pesticides, contributing to crop protection and agricultural productivity.