This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure makes it a valuable intermediate in the creation of molecules targeting various biological pathways. It is often explored for its potential in developing inhibitors for enzymes or receptors involved in diseases such as cancer, inflammation, or neurological disorders. Researchers also investigate its role in modulating cellular processes, making it a key component in the discovery of new therapeutic agents. Additionally, its unique chemical framework allows for further derivatization, enabling the creation of diverse compounds for biological screening and optimization.