This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure makes it a valuable intermediate in the creation of molecules with potential therapeutic effects, especially in the treatment of neurological disorders and cancers. Researchers often explore its derivatives for their ability to modulate specific biological targets, such as enzymes or receptors, due to its unique heterocyclic framework. Additionally, it serves as a key building block in medicinal chemistry for designing compounds with improved efficacy and selectivity. Its applications are largely confined to laboratory settings, where it contributes to the discovery and optimization of new drugs.