This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. Its unique structure makes it a valuable building block for creating compounds with potential therapeutic effects, particularly in the development of drugs targeting neurological disorders and cancer. Additionally, it is employed in the study of enzyme inhibition and receptor modulation, aiding in the discovery of new drug candidates. Its applications extend to organic synthesis, where it serves as a precursor for more complex heterocyclic compounds used in medicinal chemistry.