Used in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting various diseases. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) that exhibit therapeutic properties. Additionally, it is employed in the preparation of biologically active molecules, including those with anti-inflammatory, antiviral, or anticancer potential. Its role in medicinal chemistry is significant due to its ability to modify and enhance the efficacy of drug molecules. Researchers also utilize it in the study of enzyme inhibition and receptor binding, contributing to the advancement of drug discovery and development.