This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the creation of various therapeutic agents, including potential drugs targeting neurological disorders and cancer. Its structural framework is valuable in designing inhibitors for specific enzymes or receptors, making it a significant component in medicinal chemistry. Additionally, it is explored in the development of compounds with anti-inflammatory, antimicrobial, or antiviral properties. Its versatility in drug design underscores its importance in advancing novel treatments for complex diseases.