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 neurological and inflammatory conditions. Its structural features make it valuable for designing inhibitors of specific enzymes or receptors involved in disease pathways. Additionally, it is explored in the development of novel therapeutic agents due to its potential to modulate biochemical processes effectively. Researchers also investigate its role in creating prodrugs, enhancing drug delivery, and improving bioavailability in medicinal chemistry applications.