This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting specific medical conditions, particularly those related to metabolic disorders and inflammation. Its structure allows it to act as a building block for creating more complex molecules with therapeutic properties. Additionally, it is sometimes employed in research settings to study enzyme interactions and biochemical pathways, aiding in the discovery of new drug candidates. Its stability and reactivity make it a valuable component in organic synthesis processes.