This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting specific enzymes or receptors. Its structure is often incorporated into molecules designed for potential therapeutic applications, such as anti-cancer agents, anti-inflammatory drugs, or inhibitors of certain metabolic pathways. Additionally, it is used in organic chemistry laboratories for the preparation of more complex heterocyclic compounds, which are essential in drug discovery and medicinal chemistry studies. Its versatility and reactivity make it a valuable building block in the creation of novel chemical entities with potential pharmacological benefits.