Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in developing compounds with potential anti-inflammatory, antimicrobial, and anticancer properties. Additionally, it is utilized in organic synthesis to create complex heterocyclic frameworks, which are essential in drug discovery and development. Researchers also explore its role in designing novel inhibitors for specific enzymes or receptors, contributing to advancements in medicinal chemistry.