This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its structural features make it suitable for developing potential therapeutic agents, especially in the treatment of diseases where modulation of specific biochemical pathways is required. Researchers often employ it in the design and optimization of drug candidates, leveraging its reactivity and functional groups to create more effective and targeted medications. Additionally, it may be explored in the development of inhibitors for certain proteins or enzymes involved in disease progression, contributing to advancements in drug discovery and development.