This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly in the development of enzyme inhibitors. Its structure makes it a valuable intermediate in the production of drugs targeting neurological disorders, as it can influence neurotransmitter activity. Additionally, it is employed in organic chemistry research for constructing complex molecules due to its reactive functional groups, which facilitate selective chemical modifications. Its role in medicinal chemistry is significant, as it contributes to the creation of compounds with potential therapeutic effects.