This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of more complex molecules. It plays a significant role in the development of pharmaceuticals, particularly in the creation of compounds that target specific biological pathways. Researchers often employ it in the construction of heterocyclic structures, which are essential in designing drugs with potential therapeutic effects. Its unique structure allows for selective modifications, making it valuable in the discovery of new medications, especially those aimed at treating neurological disorders or cancer. Additionally, it is used in organic synthesis to explore novel chemical reactions and develop innovative drug candidates.