This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors in drug discovery programs. Researchers often employ it to develop potential therapeutic agents, especially in the study of anti-inflammatory, anticancer, or antimicrobial compounds. Its structure allows for modifications that can enhance drug efficacy and selectivity, making it valuable in optimizing lead compounds for further development. Additionally, it may be used in biochemical assays to study molecular interactions and mechanisms of action in disease pathways.