This compound is primarily used in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the production of biologically active molecules, especially those targeting neurological and cardiovascular diseases. Its structure is valuable for creating compounds with potential therapeutic effects, such as enzyme inhibitors or receptor modulators. Researchers utilize it to explore new pathways for treating conditions like hypertension, anxiety, and depression. Additionally, it is employed in medicinal chemistry to optimize drug efficacy and safety profiles during preclinical studies.