This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug compounds. It serves as a key intermediate in the creation of molecules that target specific biological pathways, such as those involved in cancer therapy or neurological disorders. Its unique structure allows for the modification and optimization of drug candidates to enhance efficacy and reduce side effects. Additionally, it is employed in medicinal chemistry studies to explore structure-activity relationships, aiding in the design of more potent and selective therapeutic agents.