This chemical is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the creation of potential drug candidates, particularly in the development of molecules targeting neurological disorders and cancer. Its unique structure allows it to interact with specific enzymes or receptors, making it valuable for designing inhibitors or modulators in medicinal chemistry. Additionally, it is used in organic synthesis to construct complex heterocyclic frameworks, which are essential in the discovery of new therapeutic agents. Researchers also explore its applications in studying structure-activity relationships to optimize the efficacy and selectivity of drug-like molecules.