This chemical is primarily used in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds. It serves as a building block for the development of potential therapeutic agents, particularly in the design of molecules targeting neurological disorders. Its structure is often explored for creating inhibitors of specific enzymes or receptors involved in disease pathways. Additionally, it finds utility in organic synthesis for constructing complex heterocyclic frameworks, which are valuable in drug discovery and development. Researchers also investigate its derivatives for their potential pharmacological properties, such as anti-inflammatory, anticancer, or antimicrobial activities.