Primarily utilized in organic synthesis as a versatile building block for the preparation of various heterocyclic compounds. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of biologically active molecules such as inhibitors and modulators. Its unique structure allows for the introduction of functional groups that are critical in drug design, enabling the creation of compounds with enhanced therapeutic properties. Additionally, it is employed in the study of reaction mechanisms and in the development of new synthetic methodologies, contributing to advancements in medicinal chemistry and chemical research.