This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of molecules targeting various therapeutic areas, including central nervous system disorders and inflammatory diseases. Its unique structure allows for the modification of biological activity, making it valuable in optimizing drug efficacy and selectivity. Additionally, it is employed in medicinal chemistry to explore structure-activity relationships, aiding in the design of more potent and specific therapeutic agents.