This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting metabolic and inflammatory disorders. Its structural properties make it a valuable building block for creating molecules with potential therapeutic effects. Additionally, it is explored in the development of enzyme inhibitors, which can be used to regulate biochemical pathways in the treatment of diseases. Its application extends to research in biochemistry, where it aids in studying enzyme mechanisms and interactions.