This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. It serves as a building block for the development of small molecule inhibitors, particularly those targeting specific enzymes or protein kinases involved in disease pathways. Its structural features make it a valuable scaffold for designing compounds with potential therapeutic applications, such as anticancer, anti-inflammatory, or antiviral drugs. Researchers often modify its core structure to enhance biological activity, selectivity, and pharmacokinetic properties, making it a versatile tool in drug discovery and development.