This chemical is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting enzyme inhibition or receptor modulation. Its structure is often incorporated into the development of potential drug candidates for treating diseases such as cancer, inflammation, and infections. Additionally, it is used in the study of molecular interactions and the design of novel therapeutic agents due to its unique heterocyclic framework. Researchers also explore its role in creating fluorescent probes or sensors for biochemical applications.