This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key building block for the synthesis of various biologically active molecules. Its structure is often incorporated into drug candidates targeting a range of diseases, including cancer, bacterial infections, and inflammation. Additionally, it is employed in the development of heterocyclic compounds, which are essential in creating pharmaceuticals with enhanced efficacy and reduced side effects. In material science, it is explored for its potential in designing organic electronic materials and corrosion inhibitors. Its versatility and reactivity make it a valuable component in research and industrial applications.