This chemical is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active compounds, particularly those with potential therapeutic properties. Its structural features make it valuable for constructing complex molecules, especially in the synthesis of indolizine derivatives, which are known for their diverse pharmacological activities. Researchers often employ it in the design and production of drug candidates targeting specific biological pathways or diseases. Additionally, its functional groups allow for further chemical modifications, enabling the creation of novel compounds with enhanced efficacy and selectivity.