Used primarily in pharmaceutical research, this compound plays a significant role in the development of novel therapeutic agents. Its structure is particularly valuable in the synthesis of small molecule inhibitors and modulators targeting specific enzymes or receptors involved in disease pathways. It is also explored in the design of prodrugs, where its functional groups can be modified to enhance drug delivery and bioavailability. Additionally, it finds application in the study of biochemical processes, aiding in the understanding of molecular interactions and mechanisms at the cellular level.