This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of compounds that exhibit biological activity, such as inhibitors for specific enzymes or receptors. Researchers often explore its derivatives for potential therapeutic applications, including the treatment of diseases related to inflammation, cancer, or neurological disorders. Additionally, its unique chemical framework makes it a candidate for further modification to enhance drug efficacy, selectivity, or pharmacokinetic properties. In drug discovery, it is frequently employed in high-throughput screening to identify lead compounds with desirable biological effects.