This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of various biologically active molecules. It serves as a key intermediate in the production of potential therapeutic agents, including inhibitors targeting specific enzymes or receptors involved in diseases such as cancer, inflammation, and neurological disorders. Its unique structure allows for further chemical modifications, enabling the creation of diverse compounds for drug discovery and optimization. Additionally, it is employed in organic chemistry studies to explore reaction mechanisms and develop novel synthetic pathways.