This compound is primarily utilized in the development of pharmaceutical agents, particularly in the synthesis of enzyme inhibitors. It serves as a key intermediate in the production of drugs targeting specific enzymatic pathways, which can be crucial in treating conditions like hypertension, cardiovascular diseases, and certain types of cancer. Its structure allows for effective binding to active sites of enzymes, making it valuable in designing potent and selective inhibitors. Additionally, it is explored in research for its potential role in modulating biological processes, contributing to advancements in medicinal chemistry and drug discovery.