This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various drugs. It plays a crucial role in the development of medications targeting bacterial infections, as it is a key component in the production of certain antibiotics. Additionally, it is employed in the creation of anti-inflammatory and analgesic drugs, contributing to pain relief and inflammation reduction. Its chemical structure allows it to act as a building block for more complex molecules, making it valuable in organic synthesis and drug discovery processes.