This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its structure is particularly valuable in the development of pharmaceuticals, especially in the synthesis of compounds with potential therapeutic effects. Researchers often employ it in the construction of heterocyclic frameworks, which are crucial in drug discovery and development. Additionally, it finds application in the preparation of ligands for catalysis, aiding in the creation of efficient and selective chemical reactions. Its role in these processes underscores its importance in advancing medicinal chemistry and industrial applications.