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 enzyme inhibition or receptor modulation. Its structural framework is often explored in the development of potential therapeutic agents, including anti-inflammatory, antimicrobial, and anticancer drugs. Additionally, it is studied for its potential role in the design of novel compounds with improved pharmacokinetic properties and reduced side effects. Researchers also investigate its utility in organic synthesis to create complex heterocyclic systems, which are valuable in drug discovery and development.