This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting enzyme inhibition. Its structural framework is often incorporated into compounds designed for therapeutic applications, such as anti-cancer agents or kinase inhibitors. Additionally, it is employed in organic synthesis to create complex heterocyclic compounds, which are valuable in drug discovery and medicinal chemistry. Its versatility and reactivity make it a useful building block for designing novel drugs with potential therapeutic benefits.