This chemical is primarily used in the synthesis of organic compounds, particularly in the pharmaceutical and cosmetic industries. It serves as an intermediate in the production of various active pharmaceutical ingredients (APIs) and is valued for its ability to introduce specific functional groups into complex molecules. In cosmetics, it is utilized in formulations for its potential moisturizing and stabilizing properties. Additionally, it may be employed in research and development for creating novel compounds with desired biological or chemical activities. Its applications are largely driven by its versatile structure, which allows for modifications to suit specific industrial needs.