This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the construction of heterocyclic compounds, which are often explored for their potential therapeutic properties. It is commonly employed in the preparation of inhibitors targeting specific enzymes or receptors, particularly in the fields of oncology and neurology. Additionally, its reactivity and stability make it a suitable candidate for use in medicinal chemistry for the design and optimization of drug candidates.