This chemical is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological disorders and cancer. Its unique structure allows it to act as a building block for creating molecules that interact with specific enzymes or receptors in the body. Researchers often incorporate it into the design of potential therapeutic agents due to its ability to influence cellular pathways and modulate biological activity. Additionally, it has shown promise in the development of inhibitors for certain proteins involved in disease progression, making it a valuable component in the search for new treatments.