This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of pharmaceutical agents targeting specific enzymes or receptors. It has shown potential in research focused on creating inhibitors for diseases where modulation of certain biochemical pathways is required. Additionally, it is explored in the design of compounds with anti-inflammatory, anticancer, or antimicrobial properties, making it a versatile building block in drug discovery and development.