This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting therapeutic applications. Its structure is often exploited in the design of compounds with potential anti-inflammatory, antimicrobial, or anticancer properties. Researchers also explore its utility in creating novel heterocyclic compounds, which are valuable in drug discovery and development. Additionally, its unique chemical framework makes it a candidate for studying structure-activity relationships in medicinal chemistry.