This compound is primarily utilized in pharmaceutical research and development, particularly as a key intermediate in the synthesis of various biologically active molecules. Its structure makes it a valuable building block for creating compounds with potential therapeutic applications, such as enzyme inhibitors or receptor modulators. Researchers often explore its use in designing drugs targeting conditions like inflammation, cancer, or neurological disorders due to its ability to interact with specific biological pathways. Additionally, it may be employed in the development of novel chemical entities for preclinical studies, aiding in the discovery of new treatments.