This compound is primarily used 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 that target specific biological pathways, such as those involved in inflammation, cancer, or neurological disorders. Researchers utilize it to develop compounds with potential therapeutic effects, often focusing on its ability to interact with enzymes or receptors in the body. Additionally, it may be employed in the study of chemical reactions and mechanisms, aiding in the optimization of drug synthesis processes. Its role is crucial in advancing medicinal chemistry and discovering new treatments for various diseases.