This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the development of various pharmaceutical compounds. Its structure is particularly valuable in the synthesis of heterocyclic molecules, which are often found in drugs targeting neurological and cardiovascular diseases. Researchers leverage its reactive sites to introduce additional functional groups, enabling the creation of complex molecules with potential therapeutic properties. Additionally, it is employed in the study of enzyme inhibition and receptor binding, aiding in the discovery of new bioactive compounds. Its role in medicinal chemistry highlights its importance in advancing drug discovery and development.