This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active compounds. It serves as a building block for the development of pharmaceutical agents, particularly those targeting anti-inflammatory and analgesic properties. Researchers leverage its structural framework to design and optimize molecules that can interact with specific biological targets, such as enzymes or receptors, to modulate their activity. Additionally, it has shown potential in the creation of novel heterocyclic compounds, which are often explored for their therapeutic applications in treating various diseases. Its versatility in chemical reactions makes it a valuable component in drug discovery and development processes.