Used primarily in the synthesis of pharmaceuticals, this compound serves as an intermediate in the production of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of anti-inflammatory and analgesic drugs, where its structure contributes to the efficacy of the final product. Additionally, it finds application in research settings for studying chemical reactions and pathways, aiding in the discovery of new therapeutic agents. Its role in organic synthesis is crucial for creating complex molecules with potential medicinal benefits.