This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of drugs targeting cardiovascular diseases. It serves as a precursor in the production of thrombin receptor antagonists, which are crucial in preventing blood clots and reducing the risk of heart attacks and strokes. Additionally, it finds application in the creation of compounds that exhibit antiplatelet activity, aiding in the management of conditions like atherosclerosis. Its versatility also extends to research focused on developing new therapeutic agents for neurological disorders, owing to its potential interaction with specific neurotransmitter systems.