This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various biologically active molecules. Its structure is particularly valuable in the development of pharmaceuticals, especially in the synthesis of compounds with potential anti-inflammatory, antimicrobial, and anticancer properties. Additionally, it is employed in the creation of heterocyclic compounds, which are essential in medicinal chemistry for designing drugs with specific therapeutic effects. Its application extends to research laboratories, where it is used to study reaction mechanisms and develop novel synthetic pathways for complex organic molecules.