This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the creation of various therapeutic agents, including those targeting cancer and inflammatory diseases. Its structure is often incorporated into compounds designed to inhibit specific enzymes or receptors involved in disease pathways. Additionally, it is explored in the development of novel drugs due to its potential to enhance drug efficacy and selectivity. Researchers also study its derivatives for their potential applications in treating neurological disorders and other medical conditions.