This compound is primarily utilized in biochemical research, particularly in the study of enzyme inhibition and modification. It is often employed as a tool to investigate the role of specific enzymes in biological pathways due to its ability to interact with active sites or cofactors. Additionally, it finds application in the development of novel therapeutic agents, where its structure can be modified to enhance binding affinity or specificity for target proteins. In some cases, it is also used in the synthesis of complex molecules for pharmaceutical testing, aiding in the discovery of new drugs. Its unique properties make it valuable in both academic and industrial research settings.