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 enzyme pathways or receptors. Its structure is often incorporated into the development of potential therapeutic agents, including inhibitors or modulators for diseases such as cancer, inflammation, or neurological disorders. Researchers also explore its derivatives for their potential in drug discovery, aiming to optimize pharmacokinetic properties and enhance efficacy in preclinical studies.