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 enzyme inhibition and receptor modulation. Its structural features make it a valuable scaffold for designing drugs with potential anti-inflammatory, antimicrobial, or anticancer properties. Additionally, it is explored in organic chemistry for the development of novel heterocyclic compounds, which are essential in medicinal chemistry for creating diverse therapeutic agents. Its application extends to material science, where it is investigated for its potential in creating functional materials with specific chemical properties.