This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting specific enzymes or receptors in medicinal chemistry. Its structure is often incorporated into molecules designed for therapeutic applications, such as potential treatments for inflammatory diseases, cancer, or neurological disorders. Additionally, it is explored in the development of novel drug candidates due to its ability to interact with biological targets effectively. Researchers also study its derivatives for their potential in creating more potent and selective drugs.