This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting enzyme inhibition and receptor modulation. Its structure is valuable in the design of drugs that interact with specific proteins or pathways, often explored for potential therapeutic applications in diseases such as cancer, neurological disorders, and infectious diseases. Additionally, it is used in organic chemistry as a building block for constructing more complex heterocyclic compounds, which are essential in medicinal chemistry and drug discovery.