This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure makes it a valuable intermediate in the creation of molecules targeting various biological pathways, such as those involved in inflammation, cancer, and neurological disorders. Researchers often employ it in medicinal chemistry to modify and optimize the activity, selectivity, and pharmacokinetic properties of potential therapeutic agents. Additionally, it may serve as a building block in the development of small-molecule inhibitors or modulators for specific enzymes or receptors, contributing to the discovery of new treatments for complex diseases.