This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as an intermediate in the synthesis of various biologically active molecules, particularly those targeting enzyme inhibition. Its structural features make it valuable in the development of anti-inflammatory and analgesic agents, as it can interact with specific enzymes involved in inflammatory pathways. Additionally, it has been explored for its potential in designing drugs for cardiovascular diseases due to its ability to modulate certain biochemical processes. Researchers also investigate its role in creating chiral compounds, leveraging its stereochemistry for enhanced drug efficacy and selectivity.