This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of small molecule inhibitors. It serves as a key intermediate in the production of compounds targeting specific enzymes or receptors involved in disease pathways. Its structure is often explored for potential applications in oncology, where it may contribute to the design of drugs that inhibit abnormal cell proliferation. Additionally, it is investigated for its role in modulating biological processes related to inflammation and immune response, making it a valuable candidate for therapeutic agent development.