Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the production of antiviral and anticancer agents, where its structure facilitates the creation of complex drug candidates. Additionally, it plays a role in the development of enzyme inhibitors, contributing to studies focused on understanding and modulating biochemical pathways. Its application extends to organic synthesis, where it aids in the formation of heterocyclic compounds, which are crucial in medicinal chemistry.