This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceutical agents. Its structure is particularly valuable in the development of compounds with potential biological activity, such as inhibitors or modulators of specific enzymes or receptors. Researchers often employ it in the synthesis of heterocyclic compounds, which are crucial in drug discovery and development. Additionally, it has been explored in the creation of novel materials with potential applications in medicinal chemistry, particularly in the design of molecules targeting neurological or metabolic disorders. Its versatility makes it a valuable building block in the construction of complex molecules for therapeutic purposes.