This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the production of various therapeutic agents, including potential drugs targeting neurological disorders and cancer. Its structure is often incorporated into compounds designed to interact with specific enzymes or receptors in the body, making it valuable for drug discovery. Additionally, it is explored in the development of small molecule inhibitors and modulators for treating inflammatory and autoimmune diseases. Researchers also investigate its potential in creating novel compounds with antimicrobial or antiviral properties.