This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of drugs targeting bacterial infections, as it can be incorporated into molecules that inhibit bacterial enzymes essential for replication and survival. Additionally, it finds application in the creation of novel compounds for research into central nervous system disorders, where its unique chemical properties help in modulating neurotransmitter activity. Its role in organic synthesis also extends to the production of advanced materials with potential uses in electronics and coatings, due to its ability to form stable, functionalized derivatives.