This compound is primarily utilized in the field of medicinal chemistry and drug development. 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 framework is often incorporated into compounds designed for anticancer, antiviral, or anti-inflammatory applications. Researchers explore its potential in creating inhibitors for kinases or other proteins critical in cellular signaling processes. Additionally, its derivatives are studied for their efficacy in treating neurological disorders due to their ability to modulate certain biochemical pathways. The compound's versatility makes it a valuable scaffold in the design of novel therapeutic agents.