This compound is primarily utilized in the pharmaceutical and chemical research industries. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting therapeutic applications. Its structure is often incorporated into the development of drugs that interact with specific enzymes or receptors, making it valuable in the creation of potential treatments for diseases. Additionally, it is used in organic synthesis to construct complex heterocyclic compounds, which are essential in medicinal chemistry for drug discovery and development. Its versatility also extends to material science, where it can be employed in the design of novel organic materials with specific electronic or optical properties.