Used primarily in pharmaceutical research as a key intermediate in the synthesis of angiotensin II receptor antagonists. It plays a critical role in the development of drugs targeting hypertension and cardiovascular diseases. Its structure enables selective binding to receptors involved in blood pressure regulation, making it valuable in creating prodrugs with improved bioavailability and metabolic stability. Commonly employed in late-stage functionalization due to its ester and protected functional groups, allowing for further chemical modifications in drug design.