This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of bioactive molecules. It serves as a key intermediate in the creation of compounds with potential therapeutic applications, such as inhibitors for specific enzymes or receptors. Its unique structure allows for the development of novel drugs targeting conditions like inflammation, cancer, or neurological disorders. Additionally, it is explored in medicinal chemistry for its potential to enhance drug efficacy and selectivity. Researchers also investigate its use in the design of heterocyclic compounds, which are crucial in drug discovery due to their diverse biological activities.