This compound 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 molecules, particularly those targeting therapeutic applications. Its structure is valuable in the synthesis of indolizine derivatives, which are known for their potential in drug discovery, especially in the design of anti-inflammatory, antimicrobial, and anticancer agents. Additionally, it is employed in the study of chemical reactions and mechanisms involving heterocyclic compounds, contributing to advancements in medicinal chemistry and material science.