This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure makes it a valuable intermediate in the creation of molecules that target various biological pathways, including those involved in cancer therapy and neurological disorders. Researchers often employ it to modify and optimize the activity of lead compounds, enhancing their efficacy and selectivity. Additionally, it is used in the study of enzyme inhibition and receptor binding, contributing to the discovery of new therapeutic agents. Its unique chemical properties also make it a useful building block in organic synthesis, enabling the construction of complex heterocyclic frameworks.