Used in organic synthesis as a key intermediate for the development of various pharmaceuticals. It plays a significant role in the creation of compounds with potential therapeutic properties, particularly in the field of cancer research. The chemical is also utilized in the study of enzyme inhibition, aiding in the discovery of new drugs targeting specific biological pathways. Additionally, it serves as a building block in the synthesis of complex heterocyclic compounds, which are essential in medicinal chemistry for designing molecules with enhanced biological activity.