This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting therapeutic areas such as oncology and inflammation. Its structural framework is often incorporated into the design of inhibitors for specific enzymes or receptors, making it valuable for drug discovery efforts. Additionally, it has been explored in the development of novel compounds with potential antimicrobial or antiviral properties. Researchers also leverage its reactivity in organic synthesis to create more complex heterocyclic systems, which are essential in medicinal chemistry.