This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors in medicinal chemistry. Its structure is often explored for designing potential drug candidates, especially in areas such as oncology and neurology, where it can be modified to enhance efficacy and selectivity. Additionally, it is used in academic and industrial laboratories for studying structure-activity relationships (SAR) to optimize therapeutic properties.