This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of more complex molecules. Its structure is particularly valuable in the creation of compounds with potential therapeutic properties, such as inhibitors for specific enzymes or receptors involved in disease pathways. Additionally, it serves as a building block in organic chemistry for constructing heterocyclic compounds, which are often explored for their biological activities. Researchers also leverage its reactivity in medicinal chemistry to develop novel drug candidates targeting various conditions, including neurological disorders and cancers. Its application is largely confined to laboratory settings, where it aids in the discovery and optimization of new chemical entities.