This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of various biologically active molecules. It serves as a key intermediate in the creation of compounds that target specific enzymes or receptors, making it valuable in drug discovery. Its structure is often modified to explore potential therapeutic agents for treating diseases such as cancer, inflammation, and neurological disorders. Additionally, it is used in organic chemistry studies to investigate novel reaction pathways and mechanisms due to its unique heterocyclic framework.