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 drugs that interact with specific protein targets, such as kinases or other enzymes involved in signaling pathways. Researchers also explore its potential in creating novel therapeutic agents for conditions like cancer, inflammation, and neurological disorders. Additionally, its thiol group makes it a valuable building block for further chemical modifications, enabling the creation of diverse derivatives with tailored properties for drug discovery.