Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It plays a significant role in the creation of potential drug candidates, particularly in the field of oncology, where it is utilized to develop targeted therapies. Additionally, it is employed in organic chemistry studies to explore novel chemical reactions and pathways, contributing to advancements in medicinal chemistry and drug discovery. Its application is also seen in the preparation of compounds for biological screening and testing, aiding in the identification of new therapeutic agents.