This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting therapeutic applications. Its structure is often exploited in the development of inhibitors for enzymes or receptors involved in disease pathways. Researchers also use it to create novel heterocyclic compounds with potential anti-inflammatory, anticancer, or antimicrobial properties. Additionally, it finds application in organic synthesis for constructing complex molecular frameworks due to its reactive functional groups, which allow for further chemical modifications.