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 enzyme inhibition or receptor modulation. Its structural features make it suitable for developing compounds with potential therapeutic applications, such as anti-inflammatory, anticancer, or antiviral agents. Researchers often explore its derivatives to optimize pharmacokinetic properties and enhance efficacy in drug discovery programs. Additionally, it may be employed in studies related to molecular modeling and structure-activity relationship (SAR) analysis to understand its interaction with biological targets.