Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in creating compounds that target specific receptors or enzymes, often explored for potential therapeutic applications. Additionally, it is utilized in the development of new drugs, especially in areas like neurology and oncology, where its derivatives may exhibit promising activity. Researchers also employ it in biochemical studies to understand interactions at the molecular level, aiding in the design of more effective and targeted treatments.