This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug compounds. Its unique structure makes it a valuable intermediate in the creation of molecules with potential therapeutic effects. Researchers often employ it in the design of inhibitors or modulators for specific biological targets, such as enzymes or receptors, due to its ability to interact with various active sites. Additionally, it has been explored in the development of compounds with anti-inflammatory, antimicrobial, or anticancer properties. Its versatility also extends to material science, where it can be used in the synthesis of advanced organic materials with specific electronic or optical properties.