This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of heterocyclic compounds, which are often explored for their potential therapeutic properties. Researchers focus on its application in creating derivatives that exhibit anti-inflammatory, analgesic, and antimicrobial activities. Additionally, it serves as a building block in the design of novel drugs targeting specific enzymes or receptors, contributing to advancements in drug discovery and development. Its versatility in chemical reactions makes it a useful component in the preparation of complex pharmaceutical agents.