This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds. Its unique structure makes it valuable for developing potential therapeutic agents, particularly in the design of molecules targeting neurological disorders and inflammatory diseases. Researchers often explore its derivatives for their pharmacological properties, such as enzyme inhibition or receptor modulation, which can lead to the discovery of new drugs. Additionally, it is employed in organic synthesis to create complex heterocyclic frameworks that are essential in drug development and chemical research.