Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) for treating various medical conditions. It plays a role in organic synthesis, especially in the formation of complex molecules through reactions like esterification and condensation. Additionally, it is utilized in research and development for creating novel compounds with potential therapeutic applications. Its structure allows it to act as a building block in the preparation of heterocyclic compounds, which are important in drug discovery and medicinal chemistry.