This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting specific biological pathways, particularly in the treatment of inflammatory and autoimmune diseases. Its structural features allow it to interact with certain enzymes or receptors, making it valuable for designing potent and selective therapeutic agents. Additionally, it is often employed in research settings to study structure-activity relationships (SAR) and optimize drug candidates for improved efficacy and safety profiles.