This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the pharmaceutical and agrochemical industries. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) and other biologically active molecules. Its structure allows for further functionalization, making it valuable in the development of drugs targeting specific biological pathways. Additionally, it is used in research laboratories for the preparation of novel compounds with potential therapeutic or agricultural applications. Its role in organic synthesis often involves reactions such as esterification, alkylation, or amidation, contributing to the creation of complex molecular architectures.