This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is often exploited in the development of pharmaceutical agents, particularly those targeting enzymes or receptors involved in inflammatory and cardiovascular diseases. Additionally, it serves as a building block in the creation of heterocyclic compounds, which are essential in drug discovery for their diverse therapeutic properties. Its application extends to research settings where it is used to study structure-activity relationships and optimize drug candidates for enhanced efficacy and reduced side effects.