This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting specific enzymes or receptors in medicinal chemistry. Its structure makes it a valuable building block for creating molecules with potential therapeutic applications, such as inhibitors for certain diseases or conditions. Researchers often employ it in the design and optimization of drug candidates, especially in areas like oncology and neurology, where precise molecular interactions are critical. Additionally, it may be used in academic studies to explore new chemical reactions or pathways, contributing to advancements in organic synthesis methodologies.