This chemical is widely utilized in organic synthesis and pharmaceutical research due to its role as a versatile intermediate. It is particularly valuable in the development of novel compounds with potential therapeutic properties. Researchers often employ it in the synthesis of complex molecules, leveraging its structural features to facilitate specific chemical reactions. Additionally, it has shown promise in the study of enzyme inhibition, making it a key component in drug discovery efforts targeting various diseases. Its application extends to material science, where it contributes to the creation of advanced polymers and coatings with enhanced properties.