This chemical 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 compounds, particularly those targeting specific enzymes or receptors. Its structural framework is often incorporated into the design of potential therapeutic agents, including inhibitors for certain kinases or other proteins involved in disease pathways. Researchers also explore its derivatives for their potential anticancer, anti-inflammatory, or antimicrobial properties. Additionally, it may be employed in the development of novel drug candidates for treating neurological disorders or other complex diseases due to its unique chemical scaffold.