This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug compounds. It serves as a key intermediate in the creation of molecules that target specific biological pathways, often explored for their potential therapeutic effects. Its structural framework is valuable in designing inhibitors or modulators for enzymes and receptors, making it relevant in the study of diseases such as cancer, neurological disorders, and inflammatory conditions. Additionally, it is employed in medicinal chemistry to optimize drug candidates for improved efficacy, selectivity, and pharmacokinetic properties.