This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of various pharmaceutical agents. It plays a crucial role in the development of drugs targeting cardiovascular diseases, particularly those involving calcium channel modulation. Additionally, it is employed in the preparation of pyridine derivatives, which are known for their therapeutic potential in treating inflammatory and neurodegenerative disorders. Its structural features make it a valuable building block in organic synthesis, enabling the creation of complex molecules with potential biological activity.