This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its unique structure makes it a valuable intermediate in the creation of biologically active molecules, especially those targeting specific enzymes or receptors in therapeutic applications. Researchers often explore its potential in designing compounds for treating neurological disorders, inflammatory conditions, or cancer, due to its ability to interact with various biological pathways. Additionally, it may be employed in medicinal chemistry studies to optimize pharmacokinetic properties, such as absorption, distribution, metabolism, and excretion (ADME), of potential drugs. Its role in drug discovery highlights its importance in advancing new treatments for complex diseases.