This compound is primarily utilized in the field of medicinal chemistry due to its potential biological activity. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting enzymes or receptors involved in disease pathways. Researchers explore its use in developing inhibitors for specific proteins, which could lead to the creation of new drugs for conditions like inflammation, cancer, or metabolic disorders. Additionally, its structural properties make it a valuable scaffold in drug discovery, enabling the design of molecules with improved efficacy and selectivity.