This compound is primarily utilized in pharmaceutical research and development, particularly as an intermediate in the synthesis of various biologically active molecules. Its structure makes it a valuable building block for creating compounds with potential therapeutic applications, such as antimicrobial, antiviral, or anticancer agents. Researchers often explore its derivatives to enhance drug efficacy and selectivity. Additionally, it may be employed in organic synthesis for constructing complex heterocyclic frameworks, which are crucial in medicinal chemistry. Its role in developing novel drug candidates underscores its importance in advancing healthcare and treatment options.