Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of drugs targeting neurological and cardiovascular disorders. Researchers utilize it to create compounds that interact with specific receptors in the brain, aiding in the treatment of conditions like anxiety, depression, and hypertension. Additionally, its chemical properties make it suitable for use in organic synthesis, where it acts as a building block for more complex molecules in medicinal chemistry.