Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting neurological and cardiovascular conditions. It is also employed in the development of novel therapeutic agents due to its structural properties, which allow for modifications to enhance drug efficacy and selectivity. Additionally, it finds application in organic synthesis for creating complex molecules with potential biological activity. Its role in medicinal chemistry is significant, contributing to the discovery of new treatments and the optimization of existing ones.