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 heterocyclic compounds, which are essential in the creation of bioactive molecules. Its structural framework is particularly valuable in synthesizing quinolizine derivatives, which are explored for their potential therapeutic applications, including antimicrobial, anti-inflammatory, and anticancer properties. Additionally, it is employed in the study of chemical reactions and mechanisms, aiding in the advancement of novel synthetic methodologies. Its role in medicinal chemistry highlights its significance in drug discovery and development processes.