This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of compounds with potential therapeutic effects, such as inhibitors for specific enzymes or receptors. Researchers often explore its derivatives for their biological activities, including anti-inflammatory, antiviral, or anticancer properties. Additionally, it serves as a building block in the creation of complex molecules for drug discovery programs, aiding in the optimization of drug candidates for improved efficacy and safety. Its role in organic synthesis also extends to the preparation of heterocyclic compounds, which are essential in the design of novel bioactive molecules.