This chemical is primarily used in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those with potential therapeutic properties. Researchers utilize it to create derivatives that may exhibit antimicrobial, antiviral, or anticancer activities. Its structure allows for further functionalization, making it valuable in medicinal chemistry for designing and optimizing drug candidates. Additionally, it is employed in organic synthesis to construct complex molecules for studying structure-activity relationships.