This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. It plays a significant role in the development of small molecule inhibitors, particularly those targeting specific enzymes or receptors involved in disease pathways. Its structural framework is often incorporated into drug candidates designed for treating conditions such as cancer, inflammation, or neurological disorders. Additionally, it serves as a building block for creating novel compounds with potential therapeutic applications, enabling researchers to explore new chemical spaces for drug discovery.