This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting therapeutic applications. Its structure is often exploited in the creation of compounds with potential anti-inflammatory, antiviral, or anticancer properties. Additionally, it is used in organic synthesis to build more complex heterocyclic frameworks, which are essential in drug discovery and medicinal chemistry. Its versatility makes it a valuable component in the design and optimization of novel drug candidates.