This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of biologically active molecules, often targeting specific receptors or enzymes in the body. Its structure is advantageous for designing compounds with potential therapeutic effects, such as anti-inflammatory, antimicrobial, or antitumor properties. Additionally, it may be employed in the study of biochemical pathways and the development of diagnostic agents. Its application is largely confined to laboratory settings, where it contributes to the discovery and optimization of new medications.