This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its structure is often incorporated into compounds designed to interact with specific enzymes or receptors in the body, making it valuable for drug discovery efforts. Additionally, it is explored in the creation of novel therapeutic agents due to its potential to enhance drug efficacy and selectivity. Researchers also investigate its role in the development of treatments for conditions such as depression, anxiety, and hypertension. Its versatility in organic synthesis further contributes to its significance in medicinal chemistry.