This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmacologically active molecules. Its structure is particularly valuable in the development of heterocyclic compounds, which are often explored for their potential therapeutic properties. Researchers leverage its unique chemical framework to design and synthesize novel drug candidates, especially in areas targeting anti-inflammatory, antimicrobial, and anticancer activities. Additionally, its derivatives are studied for their potential use in materials science, particularly in the creation of advanced organic materials with specific electronic or photonic properties.