This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of drugs targeting inflammatory and autoimmune conditions, as it plays a role in modulating specific biological pathways. Additionally, it is explored in research for its potential use in creating novel therapeutic agents with improved efficacy and reduced side effects. Its application extends to the development of prodrugs, where it can enhance bioavailability and stability of the final drug product.