This chemical is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active compounds, particularly in the synthesis of heterocyclic molecules. Its structure makes it valuable for constructing complex frameworks in medicinal chemistry, often targeting specific receptors or enzymes. Researchers also explore its potential in designing novel therapeutic agents, including anti-inflammatory, antimicrobial, and anticancer drugs. Additionally, it is employed in the study of chemical reactions and mechanisms, aiding in the advancement of synthetic methodologies.