This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of small molecule inhibitors, which are often explored for their potential to target specific enzymes or receptors involved in diseases such as cancer, inflammation, and neurological disorders. Its structural framework is valuable in designing compounds with enhanced binding affinity and selectivity, making it a crucial component in medicinal chemistry. Additionally, it is used in academic and industrial laboratories to study structure-activity relationships (SAR) and optimize drug-like properties for therapeutic applications.