This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting enzyme inhibition. Its structure is often exploited in the development of potential drug candidates for conditions such as inflammation, cancer, and autoimmune diseases. Additionally, it is studied for its potential role in modulating cellular signaling pathways, making it valuable in the design of targeted therapies. Researchers also explore its derivatives for their pharmacokinetic properties and efficacy in preclinical studies.