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 therapeutic applications. Its unique structure makes it valuable for designing compounds with potential anti-inflammatory, anticancer, or antimicrobial properties. Additionally, it is employed in the creation of novel drug candidates for treating neurological disorders due to its ability to interact with central nervous system targets. Researchers also explore its use in organic synthesis to develop complex heterocyclic compounds with diverse pharmacological activities.