This compound is primarily utilized in pharmaceutical research and development, particularly as a key intermediate in the synthesis of various biologically active molecules. It plays a significant role in the creation of compounds targeting specific enzymes or receptors, often explored for their potential therapeutic effects. Its structural framework is valuable in designing drugs for conditions such as cancer, inflammation, and neurological disorders. Additionally, it is used in medicinal chemistry to optimize drug candidates for improved efficacy, selectivity, and pharmacokinetic properties. Researchers also employ it in high-throughput screening to identify novel lead compounds for further development.