This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors in the body. Its structure is often leveraged to create compounds with potential therapeutic effects, such as anti-inflammatory, anticancer, or neurological activity. Researchers also explore its use in designing drugs that modulate cellular pathways or inhibit specific protein interactions. Additionally, it may be employed in the development of diagnostic agents or probes for studying biological processes at the molecular level.