This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of molecules targeting various diseases, including cancer and inflammatory disorders. Its structure is valuable in medicinal chemistry for designing inhibitors of specific enzymes or receptors, aiding in the discovery of potential therapeutic agents. Additionally, it is employed in the study of biochemical pathways and the development of high-throughput screening assays to identify bioactive compounds. Its versatility makes it a crucial component in the exploration of new treatments and the optimization of drug efficacy and safety profiles.