Primarily utilized in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various pharmacologically active molecules. It is particularly significant in the development of drugs targeting cardiovascular diseases, where it contributes to the creation of vasodilators and antihypertensive agents. Additionally, its structure is explored in the design of compounds with potential anti-inflammatory and analgesic properties. In organic chemistry, it is employed in the study of heterocyclic compounds, aiding in the understanding of reaction mechanisms and the development of novel synthetic pathways. Its versatility also extends to material science, where it is investigated for its potential in creating advanced polymers with specific optical or electronic properties.