This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting therapeutic areas such as oncology and infectious diseases. Its structure is often incorporated into molecules designed to interact with specific enzymes or receptors, aiding in the discovery of new drugs. Additionally, it is used in organic synthesis to create complex heterocyclic compounds, which are valuable in medicinal chemistry for their diverse pharmacological properties. Researchers also employ it in the development of fluorescent probes and imaging agents, contributing to advancements in biochemical and cellular studies.