This compound is primarily utilized in organic synthesis as an intermediate for the preparation of various pharmacologically active molecules. It is often employed in the development of compounds with potential therapeutic properties, particularly in the field of medicinal chemistry. Its structure allows it to participate in reactions that form complex heterocyclic compounds, which are crucial in drug discovery. Additionally, it can be used in the synthesis of ligands for metal complexes, which have applications in catalysis and material science. Its versatility makes it a valuable component in research focused on creating new chemical entities with specific biological or chemical activities.