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 structure is often incorporated into the design of drugs that interact with specific proteins or enzymes, making it valuable in the creation of potential therapeutic agents. Additionally, it is explored in the development of antiviral and anticancer compounds due to its ability to modulate cellular pathways. Researchers also study its derivatives for their potential in treating inflammatory and infectious diseases.