This compound is primarily utilized in the synthesis of biologically active molecules, particularly in the development of pharmaceuticals. It serves as a key intermediate in the production of certain drugs, especially those targeting metabolic disorders and cardiovascular diseases. Its structural properties make it suitable for enhancing drug delivery systems, improving bioavailability, and optimizing therapeutic efficacy. Additionally, it is employed in research settings for studying enzyme interactions and metabolic pathways, contributing to advancements in medicinal chemistry and drug design.