This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various heterocyclic compounds, which are essential in creating drugs with potential therapeutic applications. Its structure is particularly valuable in constructing complex molecules that may exhibit biological activity, such as antimicrobial, anti-inflammatory, or anticancer properties. Additionally, it is used in the synthesis of ligands for coordination chemistry, aiding in the study of metal complexes and catalysis. Its versatility makes it a valuable tool in medicinal chemistry and material science research.