This chemical is primarily utilized in the field of pharmaceutical research and development, particularly in the synthesis of novel drug compounds. It serves as a key intermediate in the creation of molecules that target specific biological pathways, often in the context of developing treatments for neurological disorders or cancer. Its unique structure allows it to interact with various enzymes and receptors, making it valuable for designing inhibitors or modulators. Additionally, it is employed in organic chemistry studies to explore reaction mechanisms and develop new synthetic methodologies. Its applications are largely confined to laboratory settings, where it contributes to the advancement of medicinal chemistry and drug discovery.