This chemical is primarily used in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting specific therapeutic areas, such as anti-inflammatory and analgesic medications. Its unique structure allows it to be incorporated into compounds that interact with biological targets, enhancing drug efficacy and selectivity. Additionally, it is utilized in research and development for creating novel molecules with potential medicinal properties, contributing to advancements in drug discovery and development.