This compound is primarily used in the field of organic synthesis, particularly in the development of pharmaceuticals. It serves as a key intermediate in the synthesis of complex molecules, often those with biological activity. Its structure is valuable for constructing heterocyclic frameworks, which are common in many drugs targeting neurological and cardiovascular disorders. Additionally, it is utilized in research for the development of novel therapeutic agents due to its potential to enhance drug efficacy and selectivity. Its role in medicinal chemistry makes it a significant compound for advancing drug discovery and development processes.