This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting specific biological pathways, particularly those related to inflammation and metabolic disorders. Additionally, it is employed in research settings for the preparation of novel heterocyclic compounds, which are explored for their potential therapeutic properties. Its structural framework makes it a valuable building block in medicinal chemistry for designing molecules with enhanced efficacy and selectivity.