This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the creation of compounds that exhibit potential therapeutic effects, such as anti-inflammatory, antimicrobial, or anticancer properties. Its structure is often exploited in medicinal chemistry to design and optimize drug candidates targeting specific biological pathways or enzymes. Additionally, it may be used in the study of enzyme inhibitors or receptor modulators, contributing to advancements in drug discovery and the development of novel treatments for various diseases.