This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate for the development of various pharmaceutical compounds. Its structure is particularly valuable in the synthesis of heterocyclic molecules, which are often explored for their potential biological activities. Researchers leverage this compound to create derivatives that can be screened for therapeutic properties, such as anti-inflammatory, antimicrobial, or anticancer effects. Additionally, it is employed in the design of small molecule inhibitors targeting specific enzymes or proteins, making it a crucial component in drug discovery and medicinal chemistry research. Its versatility and reactivity also make it useful in the preparation of complex organic frameworks for further chemical studies.