This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly in the creation of potential drug candidates. Its structure is valuable for constructing complex heterocyclic compounds, which are often explored for their therapeutic properties, such as anti-inflammatory, antimicrobial, or anticancer activities. Additionally, it is employed in the study of chemical reactions and mechanisms, aiding in the advancement of synthetic methodologies.