This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of molecules that target specific biological pathways, often in the context of cancer therapy or the treatment of neurological disorders. Its structural features make it a valuable building block for designing inhibitors of enzymes or receptors involved in disease processes. Additionally, it is employed in organic chemistry studies to explore reactivity and mechanism insights, aiding in the development of more efficient synthetic methodologies.