Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structure supports the creation of analogs with potential anticonvulsant and neuroprotective properties. The compound is also employed in medicinal chemistry research for constructing indolizine-based scaffolds, which are of interest due to their biological activity profiles, including enzyme inhibition and receptor modulation. Its ester and keto functionalities allow for further chemical modifications, making it valuable in structure-activity relationship (SAR) studies.