This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure makes it a valuable intermediate for creating compounds with potential therapeutic applications, especially in the field of oncology and infectious diseases. Researchers often employ it to develop small molecules that can target specific proteins or enzymes involved in disease pathways. Additionally, it is used in organic chemistry as a building block for constructing more complex heterocyclic compounds, which are essential in medicinal chemistry. Its unique properties also make it suitable for use in the development of fluorescent probes and imaging agents, aiding in biological studies and diagnostic applications.