This compound is primarily used in pharmaceutical research and development, particularly as a key intermediate in the synthesis of various biologically active molecules. Its structure makes it valuable in the creation of compounds that target specific enzymes or receptors, often explored for potential therapeutic applications. Researchers utilize it to develop drugs that may address conditions such as inflammation, cancer, or neurological disorders. Additionally, its unique chemical properties allow it to serve as a building block in organic synthesis, enabling the production of more complex molecules with tailored functionalities.