This chemical is primarily used in pharmaceutical research and development, particularly in the synthesis of novel drug compounds. Its unique structure makes it a valuable intermediate in the creation of molecules that target specific biological pathways. It is often explored for its potential in developing treatments for neurological disorders and cancer due to its ability to interact with various enzymes and receptors. Additionally, it plays a role in the study of heterocyclic chemistry, aiding in the design of new therapeutic agents with improved efficacy and safety profiles.