It is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active compounds. Its unique structure makes it valuable in the creation of potential drug candidates, particularly in the fields of oncology and neurology. Researchers often employ it to develop small molecule inhibitors targeting specific enzymes or receptors involved in disease pathways. Additionally, it is used in the exploration of novel therapeutic agents for conditions such as cancer, neurodegenerative disorders, and infectious diseases. Its versatility in chemical reactions also allows for modifications that enhance drug efficacy and selectivity.