This compound is primarily used in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of various drugs, especially those targeting neurological and cardiovascular conditions. Its structure allows it to participate in reactions that form complex molecules with therapeutic potential. Additionally, it is utilized in the study of enzyme inhibition and receptor binding, aiding in the discovery of new treatments for diseases. Its role in medicinal chemistry makes it valuable for designing compounds with improved efficacy and reduced side effects.