Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) that target specific diseases. It plays a crucial role in the preparation of compounds with potential anti-inflammatory, antiviral, or anticancer properties. Additionally, it is utilized in organic synthesis for constructing complex molecules, often serving as a building block in the creation of fine chemicals and agrochemicals. Its unique structure allows for further functionalization, enabling researchers to explore a wide range of chemical modifications for drug discovery and material science applications.