This chemical is primarily used in the pharmaceutical industry as an intermediate in the synthesis of more complex compounds. It plays a crucial role in the development of therapeutic agents, particularly those targeting specific enzymes or receptors in the body. Its structure is often modified to enhance biological activity, making it valuable in drug discovery and development processes. Researchers utilize it to create potential treatments for various diseases, including cancer and neurological disorders, due to its ability to interact with biological pathways effectively. Additionally, it is employed in the study of structure-activity relationships to optimize the efficacy and safety of new drug candidates.