This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the production of various biologically active molecules, particularly those with potential therapeutic applications. Its structure is often leveraged in the development of drugs targeting specific enzymes or receptors, making it valuable in medicinal chemistry. Additionally, it may be used in the synthesis of complex heterocyclic compounds, which are essential in creating new materials or active pharmaceutical ingredients. Its role in research underscores its importance in advancing drug discovery and development processes.