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 in the synthesis of heterocyclic compounds. Its structure allows for further functionalization, making it valuable in the creation of potential drug candidates. Researchers often employ it in the design of compounds targeting specific enzymes or receptors, contributing to the discovery of new therapeutic agents. Additionally, it is used in material science for the development of advanced organic materials with specialized properties.