This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzyme pathways or receptors. Its unique structure allows it to be incorporated into the design of potential therapeutic agents, especially in the development of drugs for neurological disorders or cancer treatment. Additionally, it is used in organic synthesis to create more complex chemical entities for further pharmacological evaluation. Its application is crucial in the discovery and optimization of new drug candidates.