This chemical is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceutical compounds. Its structure serves as a key intermediate in the creation of various biologically active molecules, including potential drugs targeting specific diseases. Researchers often employ it in the synthesis of heterocyclic compounds, which are crucial in medicinal chemistry due to their diverse pharmacological properties. Additionally, it finds application in the study of chemical reactions and mechanisms, aiding in the exploration of new synthetic pathways. Its unique structure also makes it a valuable component in the design of advanced materials, particularly those requiring specific electronic or photophysical properties.