This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting neurological and oncological conditions. Its structure allows for further functionalization, making it valuable in the creation of novel drug candidates. Additionally, it is employed in the study of enzyme inhibition mechanisms, aiding in the design of more effective therapeutic agents. Its stability and reactivity profile also make it suitable for use in advanced chemical reactions, such as click chemistry, facilitating the discovery of new compounds with potential medical applications.