This compound is primarily utilized in pharmaceutical research and development due to its potential biological activity. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and cardiovascular diseases. Its structure is often explored for designing inhibitors of specific enzymes or receptors involved in disease pathways. Additionally, it is used in organic chemistry as a building block for constructing more complex heterocyclic compounds, which are valuable in drug discovery and medicinal chemistry. Its applications also extend to academic research, where it is studied for its unique chemical properties and potential therapeutic effects.