This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of molecules that target specific enzymes or receptors, making it a crucial component in drug discovery processes. Researchers often explore its potential in creating inhibitors for diseases where modulation of biological pathways is required. Additionally, its incorporation into larger molecular frameworks can lead to the development of compounds with enhanced biological activity, which are then tested for therapeutic efficacy in treating conditions such as cancer, inflammation, or infectious diseases.