This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly in the synthesis of compounds targeting neurological and infectious diseases. Its structure allows for further functionalization, making it valuable in creating derivatives with potential therapeutic applications. Additionally, it is employed in the study of enzyme inhibition and receptor binding, aiding in the discovery of new drug candidates. Its role in medicinal chemistry highlights its importance in advancing drug development and understanding biochemical pathways.