This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the creation of various heterocyclic compounds, which are often explored for their potential therapeutic properties. Its structure is valuable in the design of drugs targeting specific enzymes or receptors, especially in the development of inhibitors for diseases such as cancer, inflammation, and infectious diseases. Additionally, it is employed in organic chemistry as a building block for constructing complex molecular frameworks, aiding in the discovery of novel compounds with potential medicinal applications.