This compound is primarily utilized in the synthesis of various pharmaceutical intermediates and active pharmaceutical ingredients (APIs). It serves as a key building block in the development of heterocyclic compounds, which are often explored for their potential therapeutic properties, including anti-inflammatory, antimicrobial, and anticancer activities. Additionally, it is employed in organic chemistry research for the preparation of complex molecules through coupling reactions and functional group transformations. Its structural features make it a valuable reagent in the design and optimization of drug candidates.