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 enzyme inhibitors or receptor modulators. Its structure is often exploited in medicinal chemistry to design drugs targeting specific biological pathways, including those involved in cancer, inflammation, or neurological disorders. Additionally, it is used in academic and industrial laboratories for studying chemical reactions and developing new synthetic methodologies.