This chemical is primarily used in the synthesis of various pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs targeting specific diseases, including certain types of cancer and bacterial infections. Additionally, it is utilized in organic chemistry research for the creation of complex molecules, aiding in the study of chemical reactions and the development of new materials. Its unique structure allows for modifications that can lead to the discovery of novel compounds with potential therapeutic applications.