This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting specific enzymes or receptors. Its structure makes it valuable for designing molecules with potential therapeutic applications, such as anti-inflammatory or anti-cancer agents. Additionally, it is used in organic chemistry studies to explore novel reaction pathways and develop new synthetic methodologies. Its versatility and reactivity make it a useful building block in medicinal chemistry and drug discovery efforts.