This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting enzyme inhibition and receptor modulation. Its structure makes it valuable in the creation of potential drug candidates for treating conditions such as cancer, inflammation, and infectious diseases. Additionally, it is explored in the development of novel therapeutic agents due to its ability to interact with specific molecular targets, contributing to advancements in medicinal chemistry and drug discovery.