Used primarily in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting specific therapeutic areas, particularly in the creation of compounds with potential antibacterial or antifungal properties. Additionally, it is utilized in organic synthesis to construct complex molecules due to its reactive functional groups, enabling modifications for further chemical transformations. Its application extends to research and development, where it aids in the discovery of new medicinal compounds.