Used primarily in the synthesis of complex organic molecules, this compound serves as a building block in pharmaceutical research, particularly in the development of bioactive compounds and heterocyclic scaffolds. Its unique fused ring system with multiple oxygen atoms and an amine functionality makes it valuable in medicinal chemistry for designing drugs with enhanced binding properties and metabolic stability. It is also explored in materials science for creating novel supramolecular structures due to its ability to form hydrogen bonds and coordinate with metal ions.