This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly those targeting neurological and inflammatory disorders. Its structure is valuable for constructing complex heterocyclic compounds, which are often explored for their potential therapeutic properties. Additionally, it is employed in the synthesis of novel drug candidates due to its ability to act as a building block in medicinal chemistry. Researchers also leverage its reactivity in designing compounds with potential antimicrobial or anticancer activities.