This chemical is primarily utilized in organic synthesis as a key intermediate for the development of various pharmaceuticals and biologically active compounds. It plays a significant role in the construction of complex heterocyclic structures, which are often found in drugs targeting neurological and inflammatory disorders. Additionally, it is employed in research settings for the study of enzyme inhibition and receptor binding activities, aiding in the discovery of new therapeutic agents. Its structural features make it valuable in medicinal chemistry for designing molecules with potential antimicrobial and anticancer properties.