This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug compounds. It serves as a key intermediate in the production of biologically active molecules, often targeting specific enzymes or receptors in therapeutic applications. Its structure is valuable in medicinal chemistry for designing inhibitors or modulators of protein function, which can be explored for treating various diseases, including cancer and inflammatory conditions. Additionally, it is used in organic synthesis to create complex heterocyclic compounds, which are essential in developing new materials or fine chemicals.