This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting enzyme inhibition. Its structure is often leveraged in the design of molecules that interact with specific protein targets, making it valuable in drug discovery efforts. Additionally, it may be used in the development of anti-inflammatory or anticancer agents due to its potential to modulate cellular pathways. Researchers also explore its applications in creating novel therapeutic agents for treating metabolic disorders.