This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of compounds with potential therapeutic applications, such as anti-inflammatory or anticancer agents. Its structure allows for further chemical modifications, making it valuable in drug discovery processes. Additionally, it may be employed in the study of biochemical pathways and interactions due to its ability to mimic certain biological molecules. Its use is largely confined to laboratory settings for experimental purposes rather than direct commercial applications.