This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of small molecule drugs. It serves as a key intermediate in the creation of compounds that target various biological pathways, including those involved in neurological and cardiovascular diseases. Its structure is often exploited in medicinal chemistry to enhance drug potency, selectivity, and bioavailability. Additionally, it is used in the study of enzyme inhibition and receptor modulation, contributing to the discovery of novel therapeutic agents. Its application is also seen in the development of inhibitors for specific proteins or enzymes associated with disease progression.