This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for therapeutic drugs. Its structure serves as a key intermediate in the production of compounds with potential anti-inflammatory, analgesic, or antipyretic properties. Additionally, it is employed in organic chemistry research for the development of novel heterocyclic compounds, which are often explored for their biological activity. Its application extends to material science, where it is used in the synthesis of advanced organic materials with specific electronic or optical properties.