This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure serves as a key intermediate in the creation of various heterocyclic compounds, which are often explored for their potential therapeutic properties. Researchers leverage its reactivity to develop molecules that may exhibit antimicrobial, anti-inflammatory, or anticancer activities. Additionally, it is employed in organic synthesis for constructing complex molecular frameworks, aiding in the discovery of new chemical entities with potential applications in medicine and biotechnology. Its role in medicinal chemistry highlights its importance in advancing drug discovery efforts.