Used primarily in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the creation of potential drug candidates, particularly in the field of oncology and neurological disorders. Its structure is valuable for designing molecules that target specific enzymes or receptors, aiding in the discovery of new therapeutic agents. Additionally, it is utilized in organic chemistry for the preparation of complex heterocyclic compounds, which are essential in medicinal chemistry and drug discovery processes.