This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors involved in disease pathways. Its structural features make it valuable in the development of potential therapeutic agents, especially in areas such as oncology and infectious diseases. Researchers often explore its derivatives for their efficacy in inhibiting certain proteins or cellular processes, contributing to the discovery of new drugs. Additionally, it may be employed in chemical biology studies to investigate molecular interactions and mechanisms of action.