This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceutical compounds. Its unique structure makes it valuable for constructing complex molecules, particularly in the development of drugs that target neurological and cardiovascular diseases. Additionally, it is employed in research settings to explore novel chemical reactions and pathways, contributing to advancements in medicinal chemistry. Its application extends to the synthesis of heterocyclic compounds, which are crucial in creating bioactive molecules with potential therapeutic effects.