This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the development of pharmaceuticals. Its structure is often employed as a building block in the creation of alkaloids and other nitrogen-containing heterocycles, which are crucial in drug design. It is also explored in the field of medicinal chemistry for its potential bioactive properties, contributing to the development of therapeutic agents targeting neurological and cardiovascular diseases. Additionally, it finds application in research settings as a precursor for studying chemical reactions and mechanisms involving indolizine derivatives.