This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of drugs targeting specific enzymes or receptors, often contributing to the synthesis of compounds with potential therapeutic effects. Additionally, it is employed in research settings for studying biochemical pathways and interactions, aiding in the discovery of new medicinal agents. Its unique chemical properties also make it suitable for use in the creation of advanced materials, where it can be incorporated into polymers or coatings to enhance performance characteristics.