This chemical is primarily utilized in research and development within the pharmaceutical industry. It serves as a key intermediate in the synthesis of novel compounds aimed at therapeutic applications. Its structure is particularly valuable in the design of molecules targeting specific biological pathways, making it a crucial component in drug discovery efforts. Additionally, it is employed in academic studies to explore its reactivity and potential in creating new chemical entities with enhanced biological activity. Its role in advancing medicinal chemistry underscores its importance in developing treatments for various diseases.