This compound is primarily utilized in the pharmaceutical and chemical research sectors. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly in the development of drugs targeting specific enzymes or receptors. Its structure is valuable in creating compounds with potential therapeutic applications, such as antiviral or anticancer agents. Additionally, it is employed in organic synthesis to construct more complex molecular frameworks, aiding in the discovery of novel chemical entities. Its role in medicinal chemistry highlights its importance in advancing drug discovery and development processes.