Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of inhibitors targeting specific enzymes, such as poly(ADP-ribose) polymerase (PARP), which plays a role in DNA repair processes. Its structure makes it a versatile building block for creating compounds with potential therapeutic applications, including anticancer and anti-inflammatory agents. Additionally, it is utilized in organic synthesis to explore novel chemical reactions and pathways, contributing to advancements in medicinal chemistry.