This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly those targeting neurological and cardiovascular disorders. Its structure serves as a key intermediate in the production of drugs that modulate neurotransmitter activity, making it valuable in the development of treatments for conditions like depression, anxiety, and hypertension. Additionally, it is employed in organic synthesis to create complex molecules with potential therapeutic properties. Its role in chemical research extends to the study of reaction mechanisms and the development of novel compounds with enhanced biological activity.