This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of drugs targeting cardiovascular diseases and central nervous system disorders. Its structure is particularly valuable in the development of molecules with potential anti-inflammatory and analgesic properties. Additionally, it is employed in research settings for the creation of novel heterocyclic compounds, which are explored for their biological activities. The compound's unique framework makes it a versatile building block in medicinal chemistry, aiding in the discovery of new therapeutic agents.