This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and oncological disorders. Researchers often employ it in the design and creation of novel drug candidates due to its unique structural properties, which allow for effective binding to specific biological targets. Additionally, it is used in the preparation of compounds that modulate enzyme activity or receptor function, making it valuable in the study of disease mechanisms and the development of potential therapeutic agents. Its application extends to medicinal chemistry, where it contributes to the exploration of new treatments for complex diseases.