This compound is primarily utilized in pharmaceutical research and development, particularly as an intermediate in the synthesis of various bioactive molecules. It plays a role in the creation of compounds with potential therapeutic applications, such as anti-inflammatory, anti-cancer, and antimicrobial agents. Additionally, it is used in the study of enzyme inhibition and receptor binding, aiding in the discovery of new drugs. Its structural properties make it valuable for modifying and optimizing drug candidates to enhance their efficacy and selectivity. Researchers also explore its use in organic synthesis to develop novel chemical entities with specific biological activities.