This chemical is primarily used in pharmaceutical research and development, particularly in the synthesis of biologically active compounds. It serves as a key intermediate in the creation of molecules that target specific enzymes or receptors, often in the context of drug discovery for treating diseases such as cancer, inflammation, or infections. Its structure allows for further functionalization, making it valuable in medicinal chemistry for designing and optimizing drug candidates. Additionally, it may be utilized in the development of diagnostic agents or probes for studying biological pathways.