Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. It plays a role in creating molecules that may exhibit anti-inflammatory, analgesic, or neuroprotective properties. Additionally, it is utilized in organic chemistry research for constructing complex heterocyclic structures, which are valuable in drug discovery and material science. Its derivatives are also explored for their potential applications in agrochemicals and as building blocks in the production of specialty chemicals.