This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting specific enzymes or receptors in medicinal chemistry. Its structural framework is often incorporated into molecules designed for therapeutic applications, such as anti-inflammatory, anticancer, or antiviral agents. Additionally, it is explored in the development of novel drug candidates due to its potential to modulate biological pathways effectively. Researchers also investigate its use in creating small-molecule inhibitors for targeted therapies, making it a valuable component in the discovery of new treatments for complex diseases.