This chemical is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmaceutical compounds, particularly those targeting enzyme inhibition. Its structural properties make it valuable in designing molecules that can interact with biological targets, such as kinases or other proteins involved in disease pathways. Researchers often incorporate this compound into the development of potential treatments for conditions like cancer, inflammatory diseases, and viral infections. Its versatility and reactivity allow for modifications that enhance drug efficacy and specificity, making it a crucial component in the discovery of novel therapeutics.