This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting neurological disorders and cancer. Its structure is often incorporated into compounds designed to interact with specific receptors or enzymes in the body, making it valuable for drug discovery and development. Additionally, it is used in the study of structure-activity relationships (SAR) to optimize the efficacy and selectivity of potential therapeutic agents. Its application also extends to organic synthesis, where it is employed in the construction of complex heterocyclic frameworks.