This chemical is primarily utilized in organic synthesis as a versatile intermediate for the preparation of various heterocyclic compounds. It plays a significant role in the synthesis of pharmaceuticals, particularly in the development of compounds with potential biological activity. Its structure allows it to participate in cyclization and condensation reactions, making it valuable for constructing complex molecular frameworks. Additionally, it is employed in research settings for studying reaction mechanisms and developing new synthetic methodologies. Its reactivity with nucleophiles and electrophiles makes it a useful building block in medicinal chemistry and drug discovery processes.