This compound is primarily utilized in the field of organic synthesis, particularly as a key intermediate in the development of pharmaceutical agents. Its structure is valuable in the synthesis of various biologically active molecules, including potential drugs targeting neurological disorders and cancer. Researchers often employ it to construct complex heterocyclic frameworks, which are crucial in medicinal chemistry for designing compounds with specific therapeutic effects. Additionally, it may be used in the preparation of agrochemicals, contributing to the development of new pesticides or herbicides. Its versatility in chemical reactions makes it a significant building block in the creation of diverse functional materials.