This chemical is primarily utilized in the pharmaceutical and research sectors as a key intermediate in the synthesis of various biologically active compounds. Its unique structure makes it valuable in the development of drugs targeting specific diseases, particularly in the field of oncology and inflammation. Researchers often employ it in the creation of small molecule inhibitors that modulate protein-protein interactions or enzyme activity, which can be crucial for therapeutic interventions. Additionally, it serves as a building block in organic chemistry for constructing more complex heterocyclic compounds, which are often explored for their potential medicinal properties. Its versatility in chemical reactions also makes it a useful tool in the design and optimization of drug candidates.