This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of pharmaceutical agents, especially those targeting specific enzymes or receptors in therapeutic applications. Researchers often employ it in the design and preparation of potential drug candidates, particularly in the areas of oncology and neurology, due to its ability to interact with biological targets effectively. Additionally, it serves as a building block in organic synthesis, enabling the creation of complex heterocyclic compounds with potential pharmacological properties. Its versatility makes it a valuable tool in drug discovery and development processes.