This chemical is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of dihydropyridine derivatives, which are known for their therapeutic potential. Specifically, it is used in the development of calcium channel blockers, a class of drugs that are effective in treating cardiovascular conditions such as hypertension and angina. Additionally, its structural framework is explored in the design of compounds with potential antioxidant, anti-inflammatory, and neuroprotective properties. Researchers also investigate its role in organic synthesis for creating complex molecules with diverse biological activities.