This chemical is primarily utilized in the synthesis of various pharmaceuticals and organic compounds. It serves as an intermediate in the production of active pharmaceutical ingredients (APIs), particularly in the development of anti-inflammatory and analgesic drugs. Its structure allows for further chemical modifications, making it valuable in creating complex molecules for therapeutic applications. Additionally, it is used in research and development laboratories for studying chemical reactions and developing new synthetic pathways. Its role in fine chemical manufacturing highlights its importance in advancing medicinal chemistry and drug discovery.