This chemical is primarily utilized in the field of medicinal chemistry as a building block for the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the development of drugs targeting specific biological pathways, particularly in the treatment of neurological disorders and inflammatory conditions. Its structure is often incorporated into molecules designed to interact with enzymes or receptors in the body, enhancing therapeutic efficacy. Additionally, it is used in research settings to study ligand-receptor interactions and to develop novel inhibitors or modulators for drug discovery programs.