This chemical is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceutical compounds. It plays a significant role in the development of drugs targeting specific biological pathways, particularly in the creation of molecules with potential anti-inflammatory or antimicrobial properties. Additionally, it is employed in the synthesis of complex heterocyclic compounds, which are essential in medicinal chemistry for designing new therapeutic agents. Its structural framework allows for versatile modifications, making it valuable in research and development of novel bioactive molecules.