This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the production of various biologically active molecules, especially those targeting infectious diseases and cancer. Its structure allows for modifications that can enhance drug efficacy and specificity. Additionally, it is explored in the development of enzyme inhibitors, which play a crucial role in regulating biochemical pathways. Researchers also investigate its potential in creating antimicrobial agents, leveraging its ability to interfere with microbial growth and survival. Its versatility makes it a valuable component in medicinal chemistry for designing and optimizing therapeutic compounds.