Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of compounds targeting specific enzymes or receptors, making it useful in drug discovery efforts. Additionally, it finds application in the development of potential therapies for neurological disorders and cancer, due to its ability to interact with cellular pathways. In organic chemistry, it is employed as a building block for constructing complex heterocyclic compounds, which are often explored for their medicinal properties.