This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting enzyme inhibition or receptor modulation. Its structure is often incorporated into the design of compounds with potential therapeutic applications, such as antiviral, anticancer, or anti-inflammatory agents. Researchers also explore its utility in developing novel drug candidates due to its ability to interact with specific biological targets. Additionally, it may be used in the preparation of heterocyclic compounds, which are essential in the discovery of new drugs and agrochemicals.