This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its structure is often incorporated into compounds being studied for their potential therapeutic effects, such as anti-inflammatory, anticancer, or neurological applications. Additionally, it is used in organic chemistry as a building block for constructing more complex heterocyclic compounds, which are essential in drug discovery and medicinal chemistry. Its versatility makes it valuable for exploring new chemical entities with potential pharmacological properties.