This chemical is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceutical compounds. It serves as a key intermediate in the synthesis of various biologically active molecules, including those with potential therapeutic applications. Its structure is often leveraged in the creation of heterocyclic compounds, which are essential in drug discovery for targeting specific enzymes or receptors. Additionally, it is employed in the preparation of complex organic frameworks, contributing to advancements in medicinal chemistry and the design of novel drugs.