This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of more complex pharmaceutical agents. Its structure, featuring multiple functional groups, makes it a versatile building block for the development of potential drug candidates. It is often employed in the preparation of pyridine derivatives, which are known for their biological activities, including anti-inflammatory, antimicrobial, and anticancer properties. Researchers leverage its reactive sites to modify and optimize the molecule for enhanced efficacy and selectivity in targeting specific biological pathways. Additionally, it may be used in the study of enzyme inhibition or as a precursor in the design of novel therapeutic compounds.