This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting enzyme inhibition or receptor modulation. Its structural features make it suitable for designing compounds with potential therapeutic applications, such as anti-inflammatory, anticancer, or antimicrobial agents. Researchers often explore its derivatives to optimize pharmacological properties, including efficacy, selectivity, and bioavailability. Additionally, it may be employed in biochemical studies to investigate molecular interactions and pathways, contributing to the discovery of novel treatments for various diseases.