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, including potential drugs targeting neurological disorders and inflammatory conditions. Researchers often employ it to create derivatives that can interact with specific receptors or enzymes in the body, aiding in the discovery of new therapeutic compounds. Additionally, it has shown promise in the study of heterocyclic chemistry, where it serves as a building block for constructing complex molecular frameworks with potential applications in drug design and development.