This compound is primarily utilized in organic synthesis as a key intermediate for the production of more complex molecules. It serves as a building block in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic effects. Its structure is valuable in the creation of analogs for drug discovery, where it can be modified to enhance biological activity or improve pharmacokinetic properties. Additionally, it finds use in research settings for studying chemical reactions and mechanisms, aiding in the advancement of synthetic methodologies. Its versatility makes it a valuable tool in medicinal chemistry and material science applications.