This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the creation of compounds that target various therapeutic areas, including central nervous system disorders and cardiovascular diseases. Its structural framework is valuable for designing inhibitors of specific enzymes or receptors, making it a crucial component in drug discovery efforts. Additionally, it is explored for its potential in developing treatments for inflammatory conditions and metabolic disorders due to its ability to modulate specific biological pathways. Researchers also investigate its use in creating novel compounds with potential anticancer properties, leveraging its unique chemical structure to enhance drug efficacy and selectivity.