Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of central nervous system (CNS) drugs, where it contributes to the creation of compounds targeting neurological disorders. Additionally, it plays a role in the design of potential therapeutic agents for cardiovascular diseases due to its structural properties. Its applications extend to organic synthesis, where it is utilized to construct complex heterocyclic frameworks essential in medicinal chemistry.