This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of more complex molecules. It plays a crucial role in the development of pharmaceuticals, particularly in the creation of compounds that target specific biological pathways. Its structure allows for modifications that can enhance the efficacy and selectivity of potential drug candidates. Researchers often employ it in the design and optimization of new therapeutic agents, especially those aimed at treating conditions related to cellular signaling and enzyme regulation. Additionally, it may be used in the study of biochemical processes to better understand interactions at the molecular level.