This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmacologically active molecules. Its unique structure makes it valuable in the development of compounds with potential therapeutic applications, particularly in the design of drugs targeting neurological disorders. Additionally, it is employed in the synthesis of heterocyclic compounds, which are often explored for their biological activities, including antimicrobial and anticancer properties. Researchers also leverage its chemical properties to develop novel materials with specific electronic or photonic characteristics, contributing to advancements in material science.