This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors in medicinal chemistry. Its structure is often leveraged to create compounds with potential therapeutic applications, such as anti-inflammatory, antiviral, or anticancer agents. Additionally, it is explored in the design of inhibitors for certain protein kinases, which are crucial in regulating cellular processes. Researchers also study its derivatives for their potential use in treating neurological disorders due to its ability to modulate specific biochemical pathways.