Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of potential drug candidates targeting enzymes and receptors, especially in oncology and infectious diseases. Additionally, it finds utility in the preparation of heterocyclic compounds, which are essential in medicinal chemistry for designing molecules with therapeutic properties. Its application extends to material science, where it contributes to the development of advanced organic materials with specific electronic or optical properties.