This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of more complex molecules. It serves as a building block for the development of pharmaceuticals, particularly in the creation of compounds with potential therapeutic effects. Its structure is often exploited in the design of inhibitors or modulators targeting specific enzymes or receptors, making it valuable in drug discovery processes. Additionally, it may be used in research to study biochemical pathways or to develop novel treatments for diseases such as cancer, inflammation, or neurological disorders. Its versatility in chemical reactions also makes it a useful component in organic synthesis for creating diverse pharmacologically active agents.