This compound is primarily utilized in pharmaceutical research and development, particularly as a key intermediate in the synthesis of various biologically active molecules. Its structure makes it valuable for constructing complex heterocyclic compounds, which are often explored for their potential therapeutic properties. Researchers focus on its application in designing drugs targeting specific enzymes or receptors, especially in the fields of oncology and neurology. Additionally, it is employed in organic synthesis to create novel compounds for screening in drug discovery programs, aiming to identify new treatments for diseases.