Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure makes it valuable in the creation of compounds with potential therapeutic applications, particularly in the development of enzyme inhibitors and receptor modulators. Additionally, it is utilized in organic synthesis for constructing complex chemical structures, aiding in the study of chemical reactions and pathways. Its role in medicinal chemistry is significant, contributing to the discovery of new drugs and the optimization of existing ones.