This compound is primarily utilized in the field of pharmaceutical research and development, where it serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of compounds targeting specific enzymes or receptors, making it a crucial building block in drug discovery. Additionally, it is employed in the development of potential therapeutic agents for neurological disorders, cancer, and inflammatory diseases due to its ability to interact with biologically relevant pathways. Researchers also explore its use in organic synthesis to construct complex heterocyclic frameworks, which are often found in many pharmacologically active substances. Its versatility and reactivity make it a valuable tool in medicinal chemistry and related fields.