This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of pharmaceutical intermediates. Its structure makes it a valuable building block for creating molecules with potential therapeutic properties. It is often employed in research settings to explore its role in modulating biological pathways, especially in the context of anti-inflammatory or analgesic applications. Additionally, it serves as a precursor in the production of more complex chemical entities, contributing to advancements in medicinal chemistry. Its stability and reactivity also make it suitable for use in fine chemical manufacturing processes.