This compound is primarily utilized in the synthesis of various organic molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) and other biologically active compounds. Its structure allows for further chemical modifications, making it valuable in the development of drugs targeting specific therapeutic areas. Additionally, it is employed in research settings for studying reaction mechanisms and developing new synthetic pathways. Its role in facilitating complex chemical transformations highlights its importance in advancing medicinal chemistry and drug discovery.