This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel therapeutic agents. Its unique structure makes it a valuable intermediate in the creation of compounds with potential biological activity, such as enzyme inhibitors or receptor modulators. Researchers explore its applications in designing drugs targeting specific diseases, including neurological disorders or metabolic conditions. Additionally, it may serve as a building block in organic synthesis for developing molecules with enhanced pharmacological properties. Its role in medicinal chemistry highlights its importance in advancing drug discovery and innovation.