This chemical is primarily utilized in pharmaceutical research and development as an intermediate in the synthesis of more complex molecules. It is often employed in the preparation of biologically active compounds, particularly those targeting neurological disorders or acting as enzyme inhibitors. Its structure makes it valuable for constructing pharmacophores in drug discovery, especially in the design of compounds with potential therapeutic effects. Additionally, it can be used in organic synthesis to introduce specific functional groups or modify existing structures to enhance their biological activity or stability.