This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of inhibitors targeting specific enzymes or receptors involved in disease pathways. For instance, it has been explored in the creation of compounds with potential anticancer, antiviral, or anti-inflammatory properties. Researchers leverage its core scaffold to design and optimize molecules that can interact with biological targets, enhancing drug efficacy and selectivity. Additionally, its derivatives are investigated for their potential in treating neurological disorders due to their ability to modulate specific signaling pathways in the brain.