This compound is primarily utilized in pharmaceutical research and development, particularly in the study of new therapeutic agents. It serves as a key intermediate in the synthesis of various biologically active molecules, often targeting specific enzymes or receptors involved in disease pathways. Its structural properties make it valuable in the design of drugs for conditions such as cancer, inflammation, and central nervous system disorders. Researchers also explore its potential in creating novel compounds with enhanced efficacy and reduced side effects. Additionally, it may be used in biochemical assays to study molecular interactions and mechanisms of action.