This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting therapeutic areas such as oncology and inflammation. Its structural framework is valuable for constructing complex heterocyclic compounds, which are often explored for their potential as enzyme inhibitors or receptor modulators. Additionally, it is employed in medicinal chemistry to optimize drug candidates by enhancing their pharmacokinetic properties and selectivity. Its versatility makes it a crucial building block in the discovery of novel drugs.