This compound is primarily utilized in pharmaceutical research and development, particularly in the study of enzyme inhibition and receptor activity. It serves as a key intermediate in the synthesis of more complex molecules that are investigated for their potential therapeutic effects. Researchers often explore its role in modulating biological pathways, especially those related to inflammation and immune response. Its structural features make it a valuable candidate for designing drugs targeting specific protein interactions, which could lead to the development of novel treatments for various diseases. Additionally, it is used in biochemical assays to understand the mechanism of action of certain enzymes, aiding in the discovery of new drug candidates.