This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical compounds. Its unique structure makes it valuable for developing molecules with potential biological activity, particularly in the design of drugs targeting specific enzymes or receptors. Researchers often employ it to create derivatives that can be screened for therapeutic properties, such as anti-inflammatory, antimicrobial, or anticancer effects. Additionally, its incorporation into larger molecular frameworks can enhance the pharmacokinetic properties of drug candidates, improving their efficacy and stability. Its role in drug discovery highlights its significance in advancing new treatments for various diseases.