This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors involved in disease pathways. Its structural features make it a valuable scaffold for designing potential therapeutic agents, especially in the development of inhibitors for kinases or other protein targets. Researchers often explore its derivatives for their potential anti-cancer, anti-inflammatory, or antimicrobial properties. Additionally, it may be used in biochemical assays to study molecular interactions and optimize drug candidates for improved efficacy and selectivity.