The compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure is often explored for potential therapeutic applications, including the development of enzyme inhibitors and receptor modulators. Researchers investigate its efficacy in targeting specific biological pathways, making it a valuable scaffold in medicinal chemistry. Additionally, it is studied for its potential use in treating neurological disorders, inflammatory conditions, and certain types of cancer due to its ability to interact with key biological targets. Its applications extend to the design of small molecules for high-throughput screening and drug optimization processes.