This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological disorders and cancer. Its structural features make it a valuable scaffold for developing inhibitors of specific enzymes or receptors involved in disease pathways. Researchers often modify this compound to enhance its pharmacological properties, such as potency, selectivity, and bioavailability. Additionally, it is explored in the development of novel therapeutic agents due to its potential to interact with biological targets effectively. Its applications extend to drug discovery programs aimed at identifying new treatments for complex diseases.