This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting neurological and cardiovascular disorders. It serves as a key intermediate in the production of drugs that modulate neurotransmitter activity, aiding in the treatment of conditions like depression and anxiety. Additionally, it is employed in the development of antihypertensive agents, helping to regulate blood pressure. Its structural properties make it valuable in creating ligands for metal complexes used in catalytic processes, enhancing efficiency in organic synthesis. Furthermore, it finds application in research settings for studying enzyme inhibition and receptor interactions, contributing to the advancement of medicinal chemistry.