This compound is primarily utilized in organic synthesis as a building block for the preparation of various heterocyclic compounds. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of enzyme inhibitors and receptor antagonists. Its structure is valuable in medicinal chemistry for designing molecules that target specific biological pathways. Additionally, it is used in research settings to study the mechanism of action of certain enzymes and to develop novel therapeutic agents. Its application extends to the field of biochemistry, where it aids in the investigation of protein interactions and enzymatic processes.