This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the development of pharmaceutical agents, particularly in the creation of molecules with potential therapeutic effects. Its structure is often incorporated into drug candidates targeting specific enzymes or receptors, making it valuable for research in drug discovery. Additionally, it is used in organic synthesis to construct complex heterocyclic frameworks, which are essential in the design of novel compounds with diverse applications in chemistry and pharmacology.