This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of biologically active molecules. It plays a significant role in the creation of potential therapeutic agents, particularly those targeting neurological disorders and cancers. Its structural framework is valuable for designing inhibitors of specific enzymes or receptors involved in disease pathways. Researchers leverage its chemical properties to modify and optimize drug candidates for improved efficacy and selectivity. Additionally, it is employed in medicinal chemistry studies to explore structure-activity relationships, aiding in the discovery of novel treatments.