This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the development of pharmaceuticals, particularly in the creation of molecules that target specific enzymes or receptors in the body. Its structural features make it a valuable building block for designing drugs with potential applications in treating neurological disorders, inflammation, or other conditions. Researchers often employ it to explore its pharmacological properties and optimize its efficacy in drug discovery programs. Additionally, it may be used in organic synthesis to create novel heterocyclic compounds with potential therapeutic benefits.