Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the creation of antiviral and anticancer drugs, where it contributes to the formation of active pharmaceutical ingredients. Additionally, it is employed in organic synthesis to build complex molecules with potential biological activity. Researchers also utilize it in the study of enzyme inhibition and receptor binding, aiding in the discovery of new drug candidates. Its versatility makes it a crucial component in advancing medicinal chemistry and drug discovery efforts.