This compound is primarily utilized in the synthesis of organic intermediates and active pharmaceutical ingredients (APIs). It serves as a key building block in the development of various chemical compounds, particularly in the pharmaceutical industry, where it is used to create drugs targeting neurological and cardiovascular conditions. Additionally, it finds application in research and development for studying chemical reactions and pathways, aiding in the discovery of new therapeutic agents. Its structure makes it valuable in the production of fine chemicals and specialty materials used in advanced industrial processes.