Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various drugs. Its structure allows for further functionalization, making it valuable in creating molecules with potential therapeutic effects. It is particularly useful in the development of compounds targeting neurological disorders and infectious diseases. Additionally, it finds application in organic synthesis for constructing complex heterocyclic frameworks, which are essential in medicinal chemistry. Its reactivity with nucleophiles and electrophiles enables the creation of diverse chemical libraries for drug discovery.