This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate or active ingredient in the development of therapeutic agents, particularly those targeting specific receptor pathways or enzymes. Its structural features make it suitable for modulating biological activities, potentially leading to the creation of drugs for treating neurological disorders, cancer, or inflammatory conditions. Researchers also explore its potential in designing selective inhibitors or modulators for targeted therapies, leveraging its unique chemical properties to enhance drug efficacy and reduce side effects.