This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is often incorporated into the development of potential pharmaceuticals, particularly those targeting antimicrobial, anti-inflammatory, and anticancer activities. Researchers leverage its scaffold to design and optimize drug candidates due to its ability to interact with specific biological targets. Additionally, it finds application in organic synthesis as a building block for constructing more complex heterocyclic compounds, which are valuable in drug discovery and development processes. Its versatility and reactivity make it a useful component in the creation of novel therapeutic agents.