This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its structure is often modified to develop potential drug candidates for treating diseases such as inflammation, cancer, and microbial infections. Additionally, it is employed in organic synthesis to create complex heterocyclic compounds, which are valuable in drug discovery and development processes. Its versatility makes it a valuable building block in the design of novel therapeutic agents.