This compound is commonly utilized in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for various therapeutic applications. It serves as a key intermediate in the production of compounds with potential anti-inflammatory, analgesic, or neuroprotective properties. Additionally, it is employed in organic chemistry research for the preparation of more complex molecules, aiding in the study of chemical reactions and mechanisms. Its structural properties make it valuable in designing drugs that target specific biological pathways or receptors.