Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in creating compounds that target specific enzymes or receptors, making it useful in the development of potential drugs for treating neurological disorders, cardiovascular diseases, and other medical conditions. Additionally, it finds application in organic synthesis, where it acts as a building block for more complex heterocyclic compounds. Its versatility and reactivity make it a valuable tool in medicinal chemistry and drug discovery processes.