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 central nervous system disorders, such as neurodegenerative diseases and psychiatric conditions. Additionally, it serves as a building block in the design of inhibitors for specific enzymes or receptors, contributing to the development of potential therapeutic agents. Its versatility in organic synthesis also makes it a valuable tool in medicinal chemistry for exploring novel drug candidates.