Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of bioactive molecules and drug candidates. Its structure allows for functionalization at multiple sites, making it valuable in medicinal chemistry for building complex heterocyclic systems. Commonly employed in reactions such as reductions, alkylations, and cyclizations to generate derivatives with potential biological activity. Also utilized in the preparation of analogs for structure-activity relationship (SAR) studies. Its stability and reactivity profile make it suitable for use in both solution-phase and solid-phase organic synthesis.