This chemical is primarily utilized in the field of pharmaceuticals as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a significant role in the development of compounds that target specific biological pathways, particularly in the creation of drugs that interact with enzymes or receptors involved in disease processes. Additionally, it is employed in research and development for the design of novel therapeutic agents, especially in areas such as oncology and neurology, where precise molecular interactions are crucial. Its structural properties make it a valuable building block in medicinal chemistry for optimizing drug efficacy and selectivity.