This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its structure is particularly valuable in the development of pharmaceuticals, where it can be incorporated into the synthesis of active pharmaceutical ingredients (APIs) with potential therapeutic effects. Additionally, it finds application in the creation of heterocyclic compounds, which are crucial in medicinal chemistry for designing drugs with specific biological activities. The compound’s reactivity and functional groups make it a versatile building block in research and industrial processes aimed at developing new chemical entities.