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 the creation of compounds targeting neurological disorders, including potential treatments for conditions like Alzheimer's disease and Parkinson's disease. Additionally, it finds application in the development of inhibitors for specific enzymes involved in cellular signaling pathways, making it a crucial component in drug discovery processes. Its utility extends to the field of organic chemistry, where it is employed in the construction of complex heterocyclic frameworks for further chemical modifications.