This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its unique structure makes it a valuable intermediate in the creation of molecules with potential therapeutic effects, especially in the fields of oncology and neurology. Researchers often explore its derivatives for their biological activity, aiming to develop compounds that can target specific diseases or pathways. Additionally, it may be used in the study of chemical reactions and mechanisms, contributing to advancements in organic chemistry and medicinal chemistry. Its application is largely confined to laboratory settings, where it serves as a building block for more complex chemical entities.