This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical compounds. Its unique structure makes it valuable in the development of drugs targeting specific biological pathways, particularly in the treatment of neurological disorders and certain types of cancers. Researchers leverage its properties to design molecules that can interact with enzymes or receptors, potentially leading to the discovery of novel therapeutic agents. Additionally, it is explored in the study of biochemical processes to better understand disease mechanisms and identify new drug targets. Its application is largely confined to laboratory research and preclinical studies, where it contributes to the advancement of drug discovery and development.