This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. It is particularly valuable in the development of pharmaceutical agents targeting neurological disorders and inflammatory conditions. Its structural features make it a suitable candidate for designing inhibitors of specific enzymes or receptors involved in disease pathways. Additionally, it has shown potential in the research and development of novel anticancer drugs due to its ability to interact with cellular targets that regulate proliferation and apoptosis. Its application extends to organic synthesis, where it serves as a building block for creating complex heterocyclic compounds with diverse pharmacological properties.