This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and oncological disorders. Its structure is often incorporated into the design of kinase inhibitors, which are crucial in the development of cancer therapies. Additionally, it is explored for its potential in creating compounds that modulate specific receptors in the central nervous system, aiding in the treatment of conditions like depression, anxiety, and neurodegenerative diseases. Researchers also investigate its role in developing novel antibacterial and antiviral agents, leveraging its unique chemical framework to enhance drug efficacy and selectivity.