This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical compounds. Its structure is particularly valuable in the development of small molecule drugs targeting specific biological pathways. Researchers often employ it in the creation of molecules with potential anti-inflammatory, antimicrobial, or antiviral properties. Additionally, it serves as a building block in the design of heterocyclic compounds, which are essential in drug discovery due to their diverse biological activities. Its role in facilitating the development of novel therapeutic agents makes it a significant component in the pharmaceutical industry.