Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is valuable in developing potential therapeutic agents, particularly in the field of oncology, where it aids in the creation of compounds targeting specific cancer pathways. Additionally, it is utilized in the study of enzyme inhibitors, contributing to the design of drugs that modulate enzymatic activity for treating diseases. Its role in organic synthesis also extends to the development of novel chemical entities for further biological evaluation.