This chemical is primarily utilized in the field of organic synthesis, where it serves as a crucial intermediate for the development of various pharmacologically active compounds. Its structure is particularly valuable in the synthesis of heterocyclic compounds, which are often explored for their potential therapeutic properties. Researchers leverage its reactive sites to create derivatives that can be screened for biological activity, such as antimicrobial, anticancer, or anti-inflammatory effects. Additionally, it finds application in the preparation of complex molecules used in drug discovery programs, contributing to the development of novel treatments for various diseases. Its role in these processes underscores its importance in advancing medicinal chemistry and pharmaceutical research.