This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of small molecule inhibitors, particularly those targeting specific enzymes or receptors involved in disease pathways. Its structural features make it valuable for developing potential therapeutic agents, especially in oncology and immunology, where it may be used to modulate cellular processes or inhibit protein-protein interactions. Researchers often explore its derivatives for their potential to enhance drug efficacy, selectivity, and bioavailability in preclinical studies. Additionally, it may be employed in biochemical assays to study molecular mechanisms or to validate drug targets.