This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. It serves as a building block for developing molecules with potential therapeutic applications, particularly in the design of drugs targeting specific enzymes or receptors. Its structure is often modified to enhance biological activity, making it valuable in the discovery of new treatments for diseases such as cancer, inflammation, or neurological disorders. Additionally, it may be explored in research for its potential role in modulating biochemical pathways, contributing to advancements in drug development and personalized medicine.