This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure makes it a valuable intermediate in the creation of molecules with potential therapeutic properties, especially in the fields of oncology and neurology. Researchers explore its derivatives for their ability to modulate specific biological targets, such as enzymes or receptors, which could lead to the development of new treatments for diseases like cancer or neurological disorders. Additionally, it is studied for its role in chemical biology to understand cellular processes and identify new pathways for drug intervention.