This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological disorders and cancer. Its structure is often incorporated into compounds designed to inhibit specific enzymes or receptors, making it valuable in the creation of potential therapeutic agents. Additionally, it is used in research to study the mechanisms of action of certain drugs and to develop novel treatments with improved efficacy and reduced side effects.