This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting neurological and inflammatory disorders. Its structure is often explored in the design of drugs due to its potential interaction with specific receptors or enzymes. Additionally, it is used in the synthesis of complex heterocyclic compounds, which are valuable in medicinal chemistry for creating novel therapeutic agents. Researchers also employ it in the study of structure-activity relationships to optimize drug efficacy and selectivity.