This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting therapeutic applications. Its structure is often exploited in the design of drugs that interact with specific enzymes or receptors, making it valuable in the discovery of new treatments for diseases. Additionally, it is used in the synthesis of heterocyclic compounds, which are essential in medicinal chemistry for their diverse pharmacological properties. Researchers also leverage its reactivity in the creation of complex molecular frameworks for further chemical exploration.