This chemical is primarily utilized in the synthesis of heterocyclic compounds, which are essential in pharmaceutical research and development. It serves as a key intermediate in the production of various bioactive molecules, particularly those with potential therapeutic applications. Its structure is valuable in creating compounds that exhibit antimicrobial, anti-inflammatory, or anticancer properties. Additionally, it is employed in organic synthesis to develop novel materials and ligands for catalysis, contributing to advancements in medicinal chemistry and material science.