This compound is primarily utilized in the field of medicinal chemistry, particularly in the development of novel therapeutic agents. It serves as a key intermediate in the synthesis of small molecule drugs that target specific proteins involved in disease pathways. Its structural features make it valuable for creating compounds with potential anti-inflammatory, anti-cancer, and immunomodulatory properties. Researchers often incorporate this chemical into drug discovery projects to explore its efficacy in inhibiting protein-protein interactions or modulating enzymatic activity. Additionally, its application extends to the design of proteolysis-targeting chimeras (PROTACs), which are innovative molecules used to degrade disease-causing proteins selectively.