This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds, including antibacterial and anticancer agents. Its unique structure makes it valuable for developing potential pharmaceutical agents, particularly in the design of enzyme inhibitors. Researchers explore its applications in targeting specific enzymes or proteins involved in disease pathways, such as those related to inflammation or cancer. Additionally, it serves as a building block in organic synthesis, contributing to the creation of complex molecules with potential therapeutic properties. Its role in drug discovery underscores its importance in advancing new treatments for various medical conditions. Most applications remain in experimental and research stages to evaluate efficacy and safety prior to commercial use.