This compound is primarily utilized in the synthesis of various pharmaceutical intermediates. It serves as a key building block in the development of heterocyclic compounds, which are essential in drug discovery and medicinal chemistry. Its structure is particularly valuable in creating molecules with potential biological activity, such as antimicrobial, anticancer, or anti-inflammatory agents. Additionally, it is employed in organic synthesis for constructing complex molecular frameworks, often contributing to the development of novel therapeutic agents. Its versatility makes it a valuable reagent in research and industrial applications focused on innovative drug development.