This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors involved in disease pathways. Its structural features make it suitable for designing compounds with potential therapeutic applications, such as anticancer or anti-inflammatory agents. Researchers often explore its derivatives to optimize pharmacokinetic properties and enhance efficacy in preclinical studies. Additionally, it may be employed in the development of novel drug candidates for treating complex diseases, contributing to advancements in medicinal chemistry.