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 cardiovascular disorders. Its structure is valuable in the synthesis of pyridine derivatives, which are often explored for their therapeutic potential. Additionally, it is used in the preparation of ligands for metal complexes in catalytic processes, contributing to advancements in material science and chemical engineering. Its role in medicinal chemistry is significant due to its ability to enhance the efficacy and specificity of drug candidates.