This compound is primarily utilized in the synthesis of various pharmaceuticals and organic compounds. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs), particularly those targeting neurological and inflammatory conditions. Its structure allows for further functionalization, making it valuable in medicinal chemistry for designing drugs with enhanced efficacy and selectivity. Additionally, it is employed in research settings for developing novel heterocyclic compounds, which are crucial in drug discovery and development processes. Its ester group also facilitates its use in organic synthesis, enabling the creation of complex molecules with potential therapeutic applications.