This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of heterocyclic compounds, which are often explored for their potential therapeutic properties. Its structure is valuable in medicinal chemistry for designing molecules that target specific biological pathways, such as enzyme inhibition or receptor modulation. Researchers also employ it in the development of compounds with potential applications in treating neurological disorders, cancers, and infectious diseases. Additionally, it is used in organic synthesis to build complex molecular frameworks for further chemical exploration.