This chemical is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the production of compounds that target neurological and cardiovascular disorders. Its structure allows for further functionalization, making it a versatile building block in medicinal chemistry. Additionally, it is employed in research and development for creating novel drug candidates, especially in the design of molecules with improved efficacy and selectivity. Its role in facilitating complex chemical transformations underscores its importance in advancing drug discovery and development processes.