Used in pharmaceutical research as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the development of potential drug candidates, particularly in the field of oncology, where it is explored for its ability to inhibit specific enzymes or pathways involved in cancer progression. Additionally, it is utilized in the creation of small molecule inhibitors and modulators for therapeutic targets in neurological and inflammatory diseases. Its unique structure allows for further chemical modifications, making it a versatile building block in medicinal chemistry.