This compound is primarily utilized in the pharmaceutical and chemical research industries. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those with potential therapeutic properties. Its structure is often exploited in the development of drugs targeting specific enzymes or pathways, such as antiviral or anticancer agents. Additionally, it is used in organic synthesis to create more complex heterocyclic compounds, which are valuable in medicinal chemistry. Researchers also explore its role in studying enzyme inhibition mechanisms, making it a valuable tool in biochemical studies.