This chemical is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active compounds, particularly those targeting therapeutic applications. Its unique structure makes it valuable for constructing complex molecules, often used in the synthesis of potential drug candidates. Researchers leverage its reactivity to modify and optimize drug-like properties, such as bioavailability and target specificity. Additionally, it is employed in the study of enzyme inhibition and receptor modulation, contributing to the discovery of new treatments for diseases. Its applications also extend to material science, where it is explored for creating novel organic materials with specific electronic or photophysical properties.