Used in pharmaceutical research, this compound plays a crucial role in the development of new drugs, particularly in the synthesis of small molecules targeting specific biological pathways. It serves as a key intermediate in creating compounds with potential therapeutic effects, such as anti-inflammatory, anticancer, or neurological agents. Its application extends to medicinal chemistry, where it aids in optimizing drug candidates for improved efficacy and safety. Additionally, it is utilized in biochemical studies to explore enzyme interactions and receptor binding mechanisms, contributing to the advancement of targeted therapies.