Used primarily in pharmaceutical research and development, this compound serves as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the production of anti-inflammatory and analgesic drugs, where its structure contributes to the efficacy of the final product. Additionally, it is employed in the study of enzyme inhibition and receptor binding, aiding in the discovery of new therapeutic agents. Its applications extend to organic synthesis, where it is utilized to create complex molecules for further chemical exploration.