This compound is primarily utilized in the development of pharmaceutical intermediates, particularly in the synthesis of bioactive molecules. Its structure is often explored for potential applications in medicinal chemistry, where it serves as a key building block for creating compounds with antimicrobial, anti-inflammatory, or anticancer properties. Researchers also investigate its use in organic synthesis to develop novel heterocyclic compounds, which are valuable in drug discovery and development. Additionally, it may be employed in the study of enzyme inhibition mechanisms, contributing to the design of targeted therapies for various diseases.