Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of potential therapeutic agents, including those targeting neurological disorders and psychiatric conditions. Researchers also utilize it in the creation of novel compounds for studying enzyme interactions and receptor binding, aiding in the discovery of new drugs. Additionally, it finds application in organic synthesis for constructing complex heterocyclic frameworks, which are essential in medicinal chemistry.