This compound is primarily used in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of antiviral and anticancer drugs, where it serves as a building block for creating molecules that can interact with biological targets. Additionally, it has been explored in the design of small molecule inhibitors for enzymes involved in disease pathways. Its versatility in chemical modifications makes it a useful component in drug discovery and development processes.