This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly those with potential therapeutic applications. Its structural features make it valuable in the design and synthesis of compounds targeting specific biological pathways, such as enzyme inhibition or receptor modulation. Additionally, it is explored in the creation of novel heterocyclic compounds, which are often investigated for their antimicrobial, anti-inflammatory, or anticancer properties. Its versatility in chemical reactions also makes it a useful building block in medicinal chemistry and drug discovery efforts.