Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of compounds targeting neurological disorders, due to the presence of the pyridyl group which can interact with specific neurotransmitter receptors. Additionally, it is utilized in the development of small molecule inhibitors for enzymes involved in disease pathways, making it a crucial component in drug discovery efforts. Its application extends to material science, where it is employed in the preparation of advanced organic materials with potential uses in electronics and photonics.