This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of more complex molecules. Its structure makes it valuable for creating compounds with potential biological activity, particularly in the development of drugs targeting specific enzymes or receptors. Additionally, it is employed in organic chemistry studies to explore novel reactions and mechanisms due to its unique heterocyclic framework. Its applications also extend to material science, where it is investigated for its potential use in creating advanced materials with specific electronic or optical properties.