This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting specific enzyme inhibition pathways. It serves as a key intermediate in the development of drugs that address cardiovascular and neurological disorders. Additionally, it is employed in organic chemistry research for the preparation of complex molecules, aiding in the study of reaction mechanisms and the exploration of new therapeutic agents. Its unique structure also makes it valuable in the design of fluorescent probes used in biochemical assays and imaging studies.