This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting enzyme inhibition. Its structural features make it valuable for developing compounds that interact with specific enzyme pathways, potentially leading to the creation of new therapeutic agents. Researchers often explore its derivatives for their potential in treating diseases where enzyme modulation is crucial, such as cancer or inflammatory disorders. Additionally, its unique chemical structure allows for further modifications, enabling the development of novel drug candidates with optimized efficacy and selectivity.