This compound is primarily utilized in organic synthesis as a key intermediate for the development of various biologically active molecules. Its structure is particularly valuable in the synthesis of heterocyclic compounds, which are often explored for their potential pharmaceutical applications. Researchers employ it in the creation of novel compounds with potential therapeutic properties, such as antimicrobial, anticancer, or anti-inflammatory agents. Additionally, it serves as a building block in the synthesis of complex organic frameworks, contributing to advancements in medicinal chemistry and drug discovery. Its role in facilitating the construction of diverse chemical structures makes it a significant tool in the development of new chemical entities.