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 is valuable in the creation of compounds that target specific enzymes or receptors, making it useful in drug discovery for diseases such as cancer, inflammation, and neurological disorders. Additionally, it serves as a building block in organic chemistry for constructing more complex heterocyclic compounds, which are often explored for their potential therapeutic applications. Its role in medicinal chemistry highlights its importance in advancing new treatments and drug candidates.