This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting enzyme inhibition. Its unique structure makes it valuable in designing compounds that interact with specific protein targets, often in the context of cancer research and neurological disorders. Researchers leverage its properties to develop potential therapeutic agents, focusing on its ability to modulate cellular pathways effectively. Additionally, it is studied for its potential applications in creating novel treatments for diseases where enzyme regulation plays a critical role.