This compound is primarily utilized in organic synthesis as a reagent or intermediate. It is often employed in the preparation of complex molecules, particularly in the development of pharmaceuticals and bioactive compounds. Its structure allows it to participate in various chemical reactions, such as cyclization or as a building block for heterocyclic compounds. In medicinal chemistry, it may serve as a precursor for designing drugs targeting specific biological pathways. Additionally, it can be used in research settings to explore novel chemical transformations or to synthesize compounds with potential therapeutic applications.