This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. It plays a key role in the synthesis of heterocyclic compounds, which are often used in the development of drugs targeting central nervous system disorders, inflammation, and other therapeutic areas. Additionally, it is employed in the preparation of complex organic molecules for research and industrial applications, particularly in the field of medicinal chemistry. Its structure makes it a valuable building block for constructing more intricate chemical frameworks.