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. Its structure is often exploited in the development of potential anticancer agents, as it can interact with specific cellular pathways involved in tumor growth. Additionally, it is studied for its role in creating antimicrobial compounds, given its ability to disrupt bacterial or fungal enzymatic processes. Researchers also explore its application in designing inhibitors for kinases and other enzymes relevant to inflammatory and metabolic disorders.