This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting enzyme inhibition. Its structural features make it suitable for designing compounds that interact with specific protein targets, often in the context of anti-inflammatory or anticancer therapies. Researchers explore its potential in creating novel therapeutic agents due to its ability to modulate cellular pathways effectively. Additionally, it may be investigated for its role in developing inhibitors for kinases or other enzymes involved in disease progression. Its application is largely confined to research laboratories, where it contributes to the discovery of new drug candidates.