Used in organic synthesis as a key intermediate for the development of pharmaceutical compounds, particularly in the creation of potential anticancer and antiviral agents. Its structure allows for further functionalization, making it valuable in medicinal chemistry research. Additionally, it serves as a precursor in the synthesis of heterocyclic compounds, which are often explored for their biological activities. Its application extends to the study of enzyme inhibition, where it may act as a scaffold for designing inhibitors targeting specific enzymes involved in disease pathways.