This compound is primarily used in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors in drug development. Its structure allows for modifications that can lead to the creation of compounds with potential therapeutic applications, such as anti-inflammatory, anticancer, or antimicrobial agents. Additionally, it is utilized in organic synthesis to explore new chemical reactions and pathways, contributing to advancements in drug discovery and development.