This compound is primarily utilized in the synthesis of various pharmaceutical intermediates. It serves as a key building block in the production of drugs, particularly those targeting cardiovascular diseases, due to its structural similarity to dihydropyridine derivatives, which are known for their calcium channel-blocking properties. Additionally, it is employed in organic chemistry research for the development of novel heterocyclic compounds, contributing to advancements in medicinal chemistry and drug discovery. Its reactivity and versatility make it a valuable component in the preparation of complex molecules for therapeutic applications.