This compound is primarily used in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of compounds with potential therapeutic effects, such as anti-inflammatory and analgesic agents. Its structure allows for modifications that can enhance drug efficacy and specificity. Additionally, it is utilized in research settings to study biochemical pathways and receptor interactions, aiding in the discovery of new drugs. Its applications also extend to the field of organic chemistry, where it is employed in the synthesis of complex molecules for various industrial purposes.