This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active compounds. Its structure is particularly valuable in the development of small molecule drugs targeting specific enzymes or receptors. It is often employed in the preparation of compounds with potential therapeutic applications, such as inhibitors for kinases or other signaling proteins involved in disease pathways. Additionally, it serves as a building block in medicinal chemistry for the creation of novel drug candidates, especially in the fields of oncology, inflammation, and central nervous system disorders. Its versatility allows for further functionalization, enabling researchers to explore a wide range of pharmacological activities.