This chemical is primarily utilized in the pharmaceutical and chemical research industries. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and cardiovascular disorders. Its unique structure allows it to act as a building block for developing drugs with potential therapeutic effects. Additionally, it is employed in the study of enzyme inhibition and receptor modulation, aiding in the discovery of new drug candidates. Researchers also use it to explore its potential in creating novel materials with specific chemical properties.