This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting specific enzymes or receptors in therapeutic applications. Its structure is often explored for designing molecules with potential anticancer, antimicrobial, or anti-inflammatory properties. Additionally, it is employed in organic synthesis to create complex heterocyclic compounds, which are valuable in drug discovery and medicinal chemistry. Researchers also study its reactivity and interactions to develop novel compounds with improved efficacy and safety profiles.