This chemical is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key building block in the production of compounds with potential anti-inflammatory, analgesic, or cardiovascular properties. Its structure is advantageous for creating complex molecules in medicinal chemistry. Additionally, it is used in research laboratories for studying chemical reactions and developing novel therapeutic agents. Its applications also extend to organic synthesis, where it acts as a precursor for various fine chemicals.