This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is often incorporated into the development of potential therapeutic agents, particularly those targeting enzyme inhibition. Researchers have explored its use in designing inhibitors for enzymes like kinases, which play a critical role in cell signaling pathways and are often implicated in diseases such as cancer. Additionally, it has been studied for its potential application in creating compounds with anti-inflammatory or antimicrobial properties. Its versatility in drug design makes it a valuable building block for pharmaceutical research.