Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is valuable in the creation of ligands for metal coordination, which are essential in catalysis and material science. Additionally, it is employed in the preparation of pyridine derivatives that exhibit potential therapeutic properties, such as anti-inflammatory and antimicrobial activities. The compound is also explored in organic synthesis for constructing complex heterocyclic frameworks, which are crucial in drug discovery and development processes.