This compound is primarily utilized in the field of organic synthesis as a key intermediate for the development of various pharmaceutical agents. Its structure is particularly valuable in the synthesis of heterocyclic compounds, which are often explored for their potential therapeutic properties. Researchers leverage its reactivity to create derivatives that may exhibit biological activity, such as anti-inflammatory, antimicrobial, or anticancer effects. Additionally, it serves as a building block in the preparation of complex molecules for drug discovery programs, where its scaffold is modified to optimize pharmacokinetic and pharmacodynamic properties. Its application extends to material science as well, where it is used in the design of novel organic materials with specific electronic or mechanical characteristics.