This compound is primarily utilized in the synthesis of pharmaceutical intermediates. It serves as a key building block in the development of various bioactive molecules, particularly in the creation of compounds with potential therapeutic applications. Its structure is valuable in medicinal chemistry for designing drugs that target specific biological pathways, such as enzyme inhibition or receptor modulation. Additionally, it is employed in research settings to explore novel chemical entities for treating diseases, including neurological disorders and inflammation. Its versatility in organic synthesis makes it a valuable tool for chemists working on drug discovery and development projects.