This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug compounds. Its unique structure makes it a valuable intermediate in the creation of molecules with potential therapeutic effects. Researchers often explore its use in designing inhibitors for specific enzymes or receptors, which could lead to treatments for various diseases, including cancer, inflammation, or infectious diseases. Additionally, its carboxylic acid group allows for further chemical modifications, enabling the development of derivatives with enhanced biological activity or improved pharmacokinetic properties. Its application is largely confined to laboratory settings, where it serves as a building block for more complex and targeted pharmaceutical agents.