This compound is primarily utilized in the synthesis of specific pharmaceutical agents, particularly those targeting enzyme inhibition. Its structure allows it to act as a precursor or intermediate in the development of drugs that modulate enzymatic activity, making it valuable in medicinal chemistry research. Additionally, it finds application in the study of biochemical pathways, where its properties help in understanding enzyme-substrate interactions. The compound's role in creating inhibitors for therapeutic purposes underscores its significance in drug discovery and development.