This chemical is primarily utilized in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs targeting specific medical conditions, particularly in the development of anti-inflammatory and analgesic medications. Its role in the synthesis process ensures high purity and efficacy of the final drug product. Additionally, it is employed in research laboratories for the development of novel therapeutic compounds, contributing to advancements in medicinal chemistry. Its stability and reactivity make it a valuable component in complex chemical reactions, enabling the creation of more effective and targeted treatments.