Used primarily in biochemical research, this compound serves as a key intermediate in the synthesis of various pharmaceutical agents. It is particularly valuable in the development of enzyme inhibitors, where it acts as a building block for creating molecules that can interfere with specific enzymatic activities. Additionally, it finds application in the preparation of compounds that are studied for their potential anti-inflammatory and antimicrobial properties. Its role in organic synthesis extends to the production of complex organic molecules, aiding in the exploration of new therapeutic options.