This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of antiviral and anticancer drugs, where it serves as a building block for more complex molecules. Additionally, it finds application in organic synthesis for creating compounds with potential biological activity. Researchers also use it in the study of enzyme inhibitors and receptor antagonists, contributing to the discovery of new therapeutic agents. Its role in drug development underscores its importance in advancing medical treatments.