This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of compounds targeting specific enzymes or receptors, making it useful in the design of potential drugs for treating diseases such as cancer, inflammation, and neurological disorders. Additionally, it serves as a building block in organic chemistry for constructing more complex heterocyclic compounds, which are often explored for their medicinal properties. Its applications are largely confined to laboratory settings, where it aids in the discovery and optimization of new therapeutic agents.