This compound is primarily utilized in the field of medicinal chemistry as a building block for the synthesis of more complex molecules. It serves as a key intermediate in the development of potential pharmaceutical agents, particularly those targeting specific enzymes or receptors in biological systems. Its structure allows for further functionalization, making it valuable in the design of drug candidates for various therapeutic areas, including oncology and neurology. Additionally, it is employed in research settings to study structure-activity relationships, aiding in the optimization of drug efficacy and selectivity.