This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of pharmaceutical agents targeting specific enzymes or receptors. Researchers often employ it in the design and synthesis of compounds with potential therapeutic effects, such as anti-inflammatory, analgesic, or antipyretic properties. Additionally, its unique chemical framework makes it a suitable candidate for further modification to enhance drug efficacy and selectivity. In drug discovery, it serves as a building block for creating novel small molecules that can interact with biological targets, contributing to the development of new treatments for various diseases.