This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of various drugs, including those targeting neurological disorders and cancer. Its structure allows for further functionalization, making it valuable in medicinal chemistry for creating complex molecules with therapeutic potential. Additionally, it is employed in research laboratories for the development of novel chemical entities and in the study of structure-activity relationships (SAR) to optimize drug efficacy and safety.