This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the creation of various heterocyclic compounds, which are often explored for their potential therapeutic properties. Its structure is valuable in medicinal chemistry for designing drug candidates targeting specific diseases, including cancer, infectious diseases, and neurological disorders. Additionally, it is used in organic synthesis to construct complex molecular frameworks, enabling the development of novel chemical entities with potential applications in drug discovery and material science.