Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It plays a significant role in the development of drugs targeting specific enzymes or receptors, particularly in the fields of oncology and neurology. Its structural features make it valuable for designing inhibitors or modulators of protein function, aiding in the discovery of novel therapeutic agents. Additionally, it is utilized in organic synthesis to create complex heterocyclic compounds, which are essential in medicinal chemistry for exploring new drug candidates.