This chemical compound is primarily used in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting neurological and oncological disorders. Its structure is valuable in constructing complex heterocyclic compounds, which are often explored for their potential therapeutic properties. Additionally, it is utilized in the study of enzyme inhibition and receptor modulation, contributing to the discovery of new drug candidates. Researchers also employ it in medicinal chemistry to optimize the pharmacokinetic and pharmacodynamic profiles of lead compounds.