Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of anti-inflammatory and antimicrobial agents. Additionally, it is utilized in the synthesis of complex natural products and bioactive molecules, contributing to advancements in medicinal chemistry. The compound's ability to act as a building block in heterocyclic chemistry makes it essential for creating diverse chemical libraries used in drug discovery and development.