This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug compounds. Its unique structure makes it a valuable intermediate in the creation of molecules with potential therapeutic properties. Researchers often employ it in the design of inhibitors targeting specific enzymes or receptors, which can be useful in treating various diseases. Additionally, it is explored in the field of medicinal chemistry for its potential role in developing treatments for neurological disorders, inflammation, and certain types of cancer. Its reactivity and stability also make it a suitable candidate for use in organic synthesis, aiding in the construction of complex chemical architectures.