This compound is primarily utilized in the field of organic synthesis and medicinal chemistry. It serves as a key intermediate in the development of various pharmaceutical agents, particularly those targeting neurological disorders and cancer. Its structure allows it to act as a building block for the synthesis of more complex molecules with potential therapeutic properties. Additionally, it is explored in the design of enzyme inhibitors and receptor modulators, contributing to drug discovery efforts. Its application in research also extends to the study of biochemical pathways and the development of novel diagnostic tools.