This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of active pharmaceutical ingredients (APIs) for therapeutic drugs. Its structure is valuable in constructing complex molecules, often serving as a key building block in organic synthesis. It is also employed in the creation of heterocyclic compounds, which are essential in medicinal chemistry for designing drugs with specific biological activities. Additionally, it finds application in research and development for exploring new chemical entities with potential pharmacological properties. Its versatility makes it a useful component in the production of compounds targeting neurological and cardiovascular diseases.