Used in pharmaceutical research as a key intermediate in the synthesis of various bioactive compounds. It plays a role in developing potential therapeutic agents, particularly in the study of enzyme inhibitors and receptor modulators. Its structural properties make it valuable in medicinal chemistry for designing molecules with targeted biological activities. Additionally, it is explored in the development of drugs for treating conditions like inflammation, cancer, and neurological disorders. Its application extends to organic synthesis, where it serves as a building block for creating complex chemical structures.