Used primarily in the synthesis of pharmaceuticals, it serves as a key intermediate in the production of various drugs. Its role in creating compounds with potential therapeutic effects makes it valuable in medicinal chemistry. Additionally, it is utilized in research and development for designing new molecules with specific biological activities. In industrial applications, it may be employed in the formulation of specialty chemicals, contributing to the development of advanced materials. Its versatility in chemical reactions also makes it a useful component in organic synthesis for creating complex structures.