This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly those targeting enzyme inhibition or receptor modulation. Its structure is valuable in designing compounds with potential therapeutic applications, such as anti-inflammatory, antimicrobial, or anticancer agents. Additionally, it is explored in the synthesis of heterocyclic compounds, which are widely used in drug discovery due to their diverse biological activities. Researchers also investigate its role in creating novel materials for chemical sensing or catalysis.