This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for the development of pharmaceuticals, particularly in the creation of compounds that target specific enzymes or receptors involved in disease pathways. Its structural framework is often incorporated into drug candidates for its potential to enhance binding affinity and selectivity. Additionally, it is explored in research for its role in designing inhibitors for therapeutic applications, such as anti-inflammatory or anticancer agents. Its versatility makes it valuable in the optimization of drug-like properties during the drug discovery process.