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 enzymes or receptors involved in disease pathways. Its structural features make it suitable for developing inhibitors or modulators for therapeutic applications, such as anti-inflammatory, anticancer, or antimicrobial agents. Additionally, it is used in the design of compounds for studying biochemical processes, aiding in the discovery of new drugs or the optimization of existing ones.