This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting specific enzyme systems or receptors. Its structural framework is often incorporated into molecules designed for therapeutic applications, such as potential treatments for neurological disorders or inflammatory conditions. Additionally, it is explored in the development of novel drug candidates due to its unique chemical properties, which allow for precise modifications to enhance efficacy and selectivity. Researchers also investigate its role in creating advanced materials for drug delivery systems, leveraging its stability and reactivity to improve bioavailability and targeting.