This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of more complex molecules. It is often employed in the development of pharmaceuticals, particularly in the creation of compounds targeting specific enzymes or receptors. Its structure allows for modifications that can enhance binding affinity or selectivity, making it valuable in drug discovery processes. Additionally, it may be used in research to study biochemical pathways or to develop new therapeutic agents with potential applications in treating various diseases.