This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting therapeutic applications. Its structure is often leveraged in the design of molecules with potential anti-inflammatory, antimicrobial, or anticancer properties. Additionally, it is employed in the creation of heterocyclic compounds, which are essential in medicinal chemistry for their diverse pharmacological activities. Its role in facilitating the development of novel drug candidates makes it a valuable component in the exploration of new treatments for various diseases.