This chemical is primarily utilized in the field of organic synthesis as a key intermediate for the development of more complex molecules. It is particularly valuable in the synthesis of heterocyclic compounds, which are often explored for their potential pharmaceutical applications. Researchers leverage its structure to create derivatives that may exhibit biological activity, such as antiviral, antibacterial, or anticancer properties. Additionally, it is employed in the study of structure-activity relationships (SAR) to optimize the efficacy of drug candidates. Its role in medicinal chemistry makes it a significant compound for the discovery and development of new therapeutic agents.