This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for developing compounds with potential therapeutic applications, particularly in the design of enzyme inhibitors. Its structural framework is often explored in drug discovery programs targeting diseases such as cancer, inflammation, and neurological disorders. Additionally, it has been investigated for its role in modulating specific protein interactions, making it valuable in the study of biochemical pathways and the development of novel pharmaceuticals.