This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly in the creation of compounds targeting specific enzymes or receptors. Its structure is often exploited in the design of potential drug candidates for treating diseases such as cancer, neurological disorders, and inflammatory conditions. Additionally, it is used in the synthesis of complex heterocyclic compounds, which are valuable in medicinal chemistry for their diverse pharmacological properties. Researchers also employ this chemical in the study of structure-activity relationships to optimize the efficacy and selectivity of therapeutic agents.