This compound is primarily utilized in the development of pharmaceuticals, particularly in the synthesis of enzyme inhibitors. It plays a significant role in targeting specific enzymes involved in metabolic pathways, making it valuable in the treatment of conditions like cancer and neurodegenerative diseases. Additionally, it is used in research to study enzyme mechanisms and interactions, aiding in the discovery of new therapeutic agents. Its structural properties also make it a potential candidate for designing drugs with improved efficacy and reduced side effects.