This compound is primarily utilized in organic synthesis as a key intermediate for the development of various biologically active molecules. It serves as a building block in the preparation of pharmaceutical compounds, particularly those targeting neurological disorders and inflammation. Its structure is often incorporated into the design of drugs due to its potential to interact with specific biological receptors. Additionally, it is used in research settings to synthesize heterocyclic compounds, which are valuable in medicinal chemistry for their diverse therapeutic applications. The compound’s reactivity and functional groups make it a versatile tool in the synthesis of complex organic molecules.