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 molecules with potential therapeutic effects, such as anti-inflammatory, antiviral, or antimicrobial properties. Its structure is often exploited in medicinal chemistry to design compounds that can interact with specific biological targets, such as enzymes or receptors. Additionally, it may be used in the study of chemical reactions and mechanisms to optimize the synthesis of more complex pharmaceutical agents. Its applications are largely confined to laboratory settings, where it contributes to the discovery and development of new medications.