Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the design of inhibitors targeting specific enzymes or receptors, making it relevant in the study of diseases such as cancer, inflammation, and neurological disorders. Additionally, it is employed in the preparation of heterocyclic compounds, which are essential in medicinal chemistry for creating novel therapeutic agents. Its utility in organic synthesis also extends to the development of agrochemicals and other specialty chemicals.