This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of biologically active molecules. It plays a crucial role in the development of pharmaceutical agents, particularly in the creation of compounds targeting specific enzymes or receptors. Its structural complexity allows for modifications that can enhance drug efficacy, selectivity, and bioavailability. Researchers often employ it in the design and optimization of drug candidates, especially in areas such as cardiovascular and metabolic disease research. Its application is also seen in the preparation of tetrazole-containing compounds, which are known for their pharmacological properties.