This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of compounds targeting enzymatic pathways, making it useful in drug discovery efforts for diseases such as cancer, inflammation, and neurological disorders. Additionally, it serves as a building block in the preparation of heterocyclic compounds, which are often explored for their potential therapeutic properties. Its application extends to medicinal chemistry, where it aids in the optimization of drug candidates for improved efficacy and safety profiles.