Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of potential therapeutic agents, including enzyme inhibitors and anti-inflammatory drugs. Researchers leverage its reactivity to explore novel drug candidates targeting specific pathways or diseases. Additionally, it finds utility in organic synthesis for constructing complex heterocyclic frameworks, which are often critical in medicinal chemistry. Its applications are largely confined to laboratory settings, focusing on exploratory and developmental studies.