Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of barbiturate derivatives which act as central nervous system depressants. It serves as a building block in organic synthesis due to its reactive carbonyl and ester functional groups, enabling cyclization and condensation reactions. Commonly employed in the preparation of heterocyclic compounds and fine chemicals where controlled ring structures are required. Its stability and reactivity profile make it suitable for use in both academic research and industrial-scale drug development processes.