This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active compounds. It plays a significant role in the development of pharmaceutical agents, particularly in the creation of molecules that target specific enzymes or receptors. Its structural features make it a valuable building block for designing drugs with potential therapeutic applications, such as anti-inflammatory, anticancer, or central nervous system-targeting agents. Additionally, it is often employed in research settings to explore structure-activity relationships (SAR) and optimize drug efficacy and selectivity.