This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It plays a significant role in the development of pharmaceutical agents, particularly in the creation of compounds with potential therapeutic effects. Its structure is often exploited in the design of inhibitors targeting specific enzymes or receptors, making it valuable in drug discovery and development processes. Additionally, it may be used in research to study structure-activity relationships, aiding in the optimization of drug candidates for improved efficacy and selectivity.