Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is valuable in the development of potential drug candidates, particularly in the design of compounds targeting neurological disorders and cancer. Additionally, it is utilized in organic synthesis to create complex heterocyclic compounds, which are often explored for their medicinal properties. Its incorporation into larger molecular frameworks aids in the study of structure-activity relationships, helping researchers optimize drug efficacy and selectivity.