This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of compounds with potential therapeutic effects, particularly in the creation of drugs targeting neurological disorders and inflammatory conditions. Its structural properties make it a valuable building block for designing molecules that can interact with specific biological targets, such as receptors or enzymes. Additionally, it is employed in research settings for the development of novel drug candidates, contributing to advancements in medicinal chemistry and drug discovery.