This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active compounds. It is often employed in the development of potential therapeutic agents, particularly in the design of inhibitors targeting specific enzymes or receptors. Its structure is advantageous for creating molecules with anti-inflammatory, anticancer, or antimicrobial properties. Researchers also explore its use in modifying drug candidates to enhance their pharmacokinetic properties, such as solubility and bioavailability. Additionally, it serves as a building block in organic synthesis for constructing complex heterocyclic frameworks, which are valuable in drug discovery and development.