This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting cancer and other diseases. Its structure allows for the creation of novel compounds that can interact with specific enzymes or receptors, making it valuable in drug discovery. Additionally, it is often employed in the development of PET (positron emission tomography) imaging agents, aiding in the diagnosis and monitoring of diseases at a molecular level. Its unique chemical properties also make it suitable for use in organic synthesis and medicinal chemistry studies.