Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of inhibitors targeting specific enzymes or receptors, contributing to the creation of potential therapeutic agents for diseases like cancer and inflammatory disorders. Its structural framework is also explored in the design of novel compounds for neurological and metabolic conditions. Additionally, it finds utility in organic synthesis for constructing complex heterocyclic systems, aiding in the discovery of new drug candidates.