This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its structure is often exploited in the design of potential drug candidates for treating diseases such as cancer, inflammation, or infections. Additionally, it finds application in organic synthesis, where it is used to construct complex heterocyclic frameworks that are prevalent in many therapeutic agents. Its versatility and reactivity make it a valuable building block in medicinal chemistry.