This chemical is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various bioactive compounds. Its structure is particularly valuable in the creation of molecules that target specific enzymes or receptors, making it a crucial component in drug discovery efforts. It is often employed in the design of potential therapeutic agents for treating neurological disorders, cardiovascular diseases, and certain types of cancer. Additionally, its versatility allows for modifications that enhance drug efficacy and selectivity, contributing to the development of novel medications with improved safety profiles.