This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors in drug discovery programs. Its structural features make it a valuable building block for creating compounds with potential therapeutic applications, such as inhibitors for kinases or other proteins involved in disease pathways. Additionally, it is employed in the preparation of heterocyclic compounds, which are often explored for their medicinal properties. Its role in organic synthesis also extends to the development of novel chemical entities for screening in high-throughput assays to identify new drug candidates.