This chemical is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting specific diseases, particularly in the area of oncology and infectious diseases. Its unique structure allows for the creation of complex molecules that are essential for effective drug formulations. Additionally, it is used in research laboratories for studying biochemical pathways and developing new therapeutic agents. Its application extends to the field of organic chemistry, where it serves as a building block for synthesizing novel compounds with potential medicinal properties.