This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of compounds that target specific enzymes or receptors, making it useful in the creation of potential therapeutic agents. Researchers often explore its derivatives for their potential in treating neurological disorders, as the core structure can interact with neurotransmitter systems. Additionally, it has been investigated for its role in the design of inhibitors that may be effective in cancer therapy, owing to its ability to modulate cellular pathways. Its applications also extend to the study of biochemical processes, where it aids in understanding molecular interactions and mechanisms of action.