This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of compounds with potential therapeutic effects, such as inhibitors for specific enzymes or receptors. Researchers often employ it in the design and synthesis of molecules aimed at treating diseases like cancer, inflammation, or infections. Additionally, its unique chemical properties make it suitable for use in organic synthesis, where it serves as a building block for more complex chemical structures. Its role in drug discovery and development highlights its significance in advancing new treatments and therapies.