Widely used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in developing drugs targeting cancer, as it can inhibit specific enzymes involved in tumor growth. Additionally, it plays a role in creating antiviral medications, helping to combat infections by interfering with viral replication. In the field of organic chemistry, it is utilized to construct complex molecules due to its reactive functional groups. Its versatility also extends to material science, where it contributes to the development of advanced polymers and coatings with enhanced properties.