This chemical is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active compounds, particularly those targeting specific enzymes or receptors. Its structure is valuable in the design of molecules for potential therapeutic applications, such as anti-inflammatory, antiviral, or anticancer agents. Additionally, it is employed in the synthesis of heterocyclic compounds, which are often explored for their pharmacological properties. Researchers also use it to study structure-activity relationships, aiding in the optimization of drug candidates for enhanced efficacy and reduced side effects.