Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of compounds with potential therapeutic effects, such as anti-inflammatory, antimicrobial, or anticancer agents. Its structure allows for modifications that can enhance drug efficacy and selectivity. Additionally, it is employed in organic synthesis to create complex molecules for further biological evaluation. Researchers also utilize it in the study of enzyme interactions and receptor binding mechanisms, aiding in the discovery of new drug candidates.