Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its unique structure allows for the development of novel drugs targeting specific diseases, particularly in the areas of oncology and neurology. Researchers leverage its properties to create compounds with potential therapeutic effects, such as anti-cancer or neuroprotective agents. Additionally, it plays a role in the study of enzyme inhibition and receptor binding, aiding in the discovery of new drug candidates. Its application is crucial in advancing medicinal chemistry and improving drug development processes.