This compound is primarily utilized in organic synthesis as a key intermediate for the development of various pharmaceuticals and bioactive molecules. Its structural features make it valuable in the synthesis of compounds with potential therapeutic applications, particularly in the fields of neurology and oncology. Researchers often employ it to construct complex molecular frameworks that mimic natural products or target specific biological pathways. Additionally, it serves as a building block in the preparation of heterocyclic compounds, which are widely explored for their medicinal properties. Its utility in chemical research underscores its importance in advancing drug discovery and development efforts.