This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting therapeutic applications. Its structure is often incorporated into compounds that exhibit potential anti-inflammatory, antimicrobial, or antitumor properties. Additionally, it is used in the synthesis of complex heterocyclic compounds, which are valuable in medicinal chemistry for drug discovery and development. Researchers also explore its role in creating novel materials with specific electronic or optical properties for use in advanced technologies.