Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure allows for further functionalization, making it valuable in the creation of potential drug candidates, particularly in the field of medicinal chemistry. It is also employed in the study of enzyme inhibitors and receptor modulators, aiding in the discovery of new therapeutic agents. Additionally, its unique properties make it suitable for use in organic synthesis, where it can be incorporated into more complex chemical structures for further exploration and application.