This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of biologically active molecules, especially those targeting neurological disorders and cancers. Its structural features make it valuable in designing inhibitors for specific enzymes or receptors involved in disease pathways. Additionally, it is employed in medicinal chemistry for lead optimization, helping to enhance the efficacy and selectivity of potential therapeutic agents. Its application extends to the study of structure-activity relationships (SAR) to better understand how chemical modifications influence biological activity.