This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of biologically active molecules, often targeting specific enzymes or receptors involved in various diseases. Its structural framework is valuable in medicinal chemistry for designing compounds with potential therapeutic effects, such as anti-inflammatory, anticancer, or antimicrobial properties. Additionally, it is employed in the study of structure-activity relationships (SAR) to optimize the efficacy and selectivity of drug-like molecules. Its applications extend to chemical biology, where it aids in understanding biological pathways and identifying new drug targets.