This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of potential therapeutic agents, particularly those targeting specific enzyme pathways or receptors. Its structure is often explored for its ability to modulate biological activity, making it valuable in the design of inhibitors or activators for various diseases. Researchers focus on its application in developing treatments for conditions such as cancer, inflammation, or neurological disorders, leveraging its unique chemical framework to enhance drug efficacy and selectivity. Additionally, it is studied for its potential use in biochemical assays to better understand cellular mechanisms and interactions.