This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting specific enzymes or receptors involved in disease pathways. Its structural features make it suitable for developing potential therapeutic agents, especially in oncology, where it may be explored for its ability to inhibit certain proteins or pathways critical to cancer cell growth. Additionally, its unique chemical framework allows for further modifications to enhance drug-like properties, such as solubility, stability, and bioavailability, making it valuable in drug discovery and development processes.