This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various heterocyclic compounds, which are often explored for their potential biological activities. Researchers focus on its application in developing new drug candidates, particularly for its role in creating molecules with anti-inflammatory, antimicrobial, and anticancer properties. Its structural framework is valuable in designing inhibitors for specific enzymes or proteins involved in disease pathways. Additionally, it is investigated for its potential use in organic synthesis to produce novel compounds with diverse pharmacological effects.