This chemical is primarily utilized in the synthesis of pharmaceutical compounds due to its structural properties, which make it a valuable intermediate in drug development. It is often employed in the creation of molecules that target specific biological pathways, particularly in the design of inhibitors for enzymes or receptors. Additionally, it finds application in the research and development of heterocyclic compounds, which are significant in medicinal chemistry for their potential therapeutic effects. Its unique structure also allows for further functionalization, enabling the production of diverse derivatives for biological testing and optimization.