Used in pharmaceutical research, it serves as a key intermediate in the synthesis of various bioactive compounds, particularly in the development of drugs targeting neurological disorders. Its structure allows for versatile chemical modifications, making it valuable in creating molecules with potential therapeutic effects. Additionally, it is employed in organic synthesis for constructing complex heterocyclic compounds, which are essential in medicinal chemistry and material science. Its ethynyl group enables participation in click chemistry reactions, facilitating efficient and selective bond formation in drug discovery processes.