This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those with potential therapeutic applications. Its structure is often incorporated into molecules designed for antimicrobial, anticancer, or anti-inflammatory activities. Additionally, it is used in organic chemistry as a building block for constructing more complex heterocyclic compounds, which are essential in drug discovery and material science. Its unique properties make it valuable for studying structure-activity relationships in medicinal chemistry.