This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of pharmaceutical agents, especially those targeting neurological and inflammatory disorders. Researchers often employ it to create derivatives that can interact with specific receptors or enzymes, potentially leading to new therapeutic drugs. Additionally, it finds application in organic synthesis for constructing complex heterocyclic frameworks, which are essential in drug discovery and development processes. Its versatility and reactivity make it a crucial building block in the design of novel compounds with potential pharmacological properties.