This chemical 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 compounds, particularly those targeting specific enzymes or receptors in drug development. Its structure is often modified to create derivatives that exhibit potential therapeutic properties, such as anticancer, antimicrobial, or anti-inflammatory activities. Researchers also explore its use in designing inhibitors for specific pathways involved in disease progression, making it a valuable tool in the discovery of new drugs. Additionally, it may be employed in studies investigating structure-activity relationships to optimize the efficacy and selectivity of pharmaceutical agents.