This compound is primarily utilized in the field of medicinal chemistry and drug discovery. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Researchers often employ it in the development of potential therapeutic agents, especially for conditions like inflammation, cancer, and infectious diseases. Its structural framework allows for further chemical modifications, making it a versatile building block in the design of novel drug candidates. Additionally, it may be used in the study of structure-activity relationships (SAR) to optimize the efficacy and selectivity of new compounds.