This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It is often incorporated into the development of pharmaceutical agents, particularly those targeting specific enzymes or receptors. Its structure is valuable in creating compounds with potential therapeutic applications, such as kinase inhibitors, which are crucial in treating cancers and inflammatory diseases. Researchers also explore its use in designing drugs for neurological disorders due to its ability to interact with central nervous system targets. Additionally, it serves as a building block in organic synthesis, enabling the creation of diverse chemical libraries for drug discovery and optimization.