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 therapeutic applications. Its unique structure makes it valuable in the design of molecules with potential anti-inflammatory, antimicrobial, or anticancer properties. Researchers often employ it to modify and optimize drug candidates, enhancing their efficacy and selectivity. Additionally, it may be used in the study of enzyme inhibition or receptor binding mechanisms, contributing to the advancement of medicinal chemistry.