This compound is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and fine chemicals. Its structure is particularly valuable in the development of compounds with potential biological activity, such as anti-inflammatory and antimicrobial agents. Additionally, it serves as a building block in the synthesis of complex molecules, including heterocyclic compounds, which are often explored for their therapeutic properties. Its versatility in chemical reactions makes it a useful component in research and industrial applications aimed at discovering new drugs or functional materials.