This compound is primarily used in the synthesis of pharmaceutical intermediates, particularly in the development of active pharmaceutical ingredients (APIs) for therapeutic drugs. It serves as a key building block in organic synthesis, enabling the creation of complex molecules with potential anti-inflammatory, analgesic, or other medicinal properties. Additionally, it finds application in research laboratories for studying chemical reactions and developing novel compounds with specific biological activities. Its role in the production of fine chemicals and specialty materials also makes it valuable in industrial chemistry.