This compound is primarily utilized in pharmaceutical research and development, particularly in the study of enzyme inhibition and receptor modulation. Its structure suggests potential applications in targeting specific biological pathways, making it a candidate for drug discovery efforts focused on treating diseases such as cancer, inflammation, or neurological disorders. Researchers often investigate its interactions with proteins or enzymes to evaluate its efficacy and selectivity as a therapeutic agent. Additionally, it may serve as a key intermediate in the synthesis of more complex molecules with enhanced pharmacological properties.