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 drugs targeting specific enzymes or receptors, often contributing to the creation of molecules with potential therapeutic effects. Researchers leverage its core framework to design and optimize compounds for treating conditions such as inflammation, bacterial infections, or neurological disorders. Additionally, its carboxylic acid group allows for further chemical modifications, making it a versatile building block in drug discovery and development processes.