This chemical is primarily utilized in pharmaceutical research and development, particularly in the field of medicinal chemistry. It serves as a key intermediate or building block in the synthesis of biologically active compounds. Its structure is of interest in designing molecules that target specific enzymes or receptors, especially in the development of potential treatments for neurological disorders, cancer, and inflammatory diseases. Researchers explore its derivatives to enhance drug efficacy, selectivity, and pharmacokinetic properties. Additionally, it may be employed in academic studies to investigate novel chemical reactions or mechanisms, contributing to advancements in organic synthesis methodologies.