This chemical is primarily used as an intermediate in the synthesis of various pharmaceuticals. It plays a crucial role in the production of certain drugs, particularly those targeting cardiovascular and central nervous system disorders. Its structure allows for further functionalization, making it valuable in the development of complex molecules with therapeutic properties. Additionally, it is employed in research settings for the study of chemical reactions and the development of new medicinal compounds. Its applications are largely confined to industrial and laboratory environments, where it contributes to advancements in drug discovery and development.