This compound is primarily utilized in pharmaceutical research and development, particularly as a building block in the synthesis of complex molecules. It serves as a key intermediate in the creation of potential drug candidates, especially those targeting specific biological pathways or receptors. Its structure is valuable in medicinal chemistry for designing compounds with potential therapeutic applications, such as enzyme inhibitors or receptor modulators. Additionally, it is employed in the development of biologically active molecules for studying disease mechanisms and identifying novel treatments. Its versatility makes it a useful tool in organic synthesis for constructing more complex heterocyclic compounds.