This compound 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 molecules, particularly those targeting specific enzymes or receptors involved in disease pathways. Its structure is often incorporated into compounds designed for anticancer or antiviral therapies, where it can enhance binding affinity or modulate biological activity. Researchers also explore its potential in designing inhibitors for protein kinases, which play a crucial role in cell signaling and are often implicated in cancer and other diseases. Additionally, its derivatives are studied for their potential use in treating neurological disorders due to their ability to interact with specific neurotransmitter systems.