This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly those targeting neurological and inflammatory conditions. It serves as a key intermediate in the development of small molecule inhibitors that modulate specific enzyme activities, making it valuable in drug discovery processes. Additionally, it is employed in organic synthesis to create complex heterocyclic compounds, which are often explored for their biological activity. Its structural properties make it suitable for use in the preparation of ligands for metal coordination chemistry, aiding in the study of catalytic processes.