Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and fine chemicals. It is particularly valuable in the development of active pharmaceutical ingredients (APIs) due to its structural properties, which allow for further functionalization. Additionally, it finds application in the synthesis of flavor and fragrance compounds, contributing to the creation of complex aroma profiles. Its role in research and development also extends to the study of metabolic pathways and enzyme interactions, aiding in the discovery of new therapeutic agents.