This compound is primarily utilized in the field of organic synthesis, particularly as a key intermediate in the development of novel pharmaceutical agents. Its unique structure makes it valuable for constructing complex heterocyclic frameworks, which are often found in bioactive molecules. Researchers leverage its reactivity to design and synthesize compounds with potential therapeutic applications, such as targeting specific enzymes or receptors in the treatment of diseases. Additionally, it may be explored in materials science for the development of advanced organic materials with specific electronic or optical properties. Its stability and ease of handling further enhance its utility in laboratory settings for various experimental and industrial processes.