This compound is primarily utilized in pharmaceutical research and development due to its potential biological activity. It serves as a key intermediate in the synthesis of various heterocyclic compounds, which are often explored for their therapeutic properties. Its structural framework is particularly valuable in the design of molecules targeting enzymes or receptors involved in diseases such as cancer, inflammation, and neurological disorders. Additionally, it may be employed in the development of small-molecule inhibitors or modulators for specific biochemical pathways. Its application extends to medicinal chemistry, where it aids in the creation of novel drug candidates with improved efficacy and selectivity.