This chemical is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. It serves as a key intermediate in the production of drugs targeting specific biological pathways, such as anti-inflammatory or anticancer agents. Its structure allows for modifications that enhance drug efficacy and selectivity. Additionally, it is used in research settings to study chemical reactions and mechanisms, aiding in the discovery of novel bioactive molecules. Its applications extend to the field of organic chemistry, where it contributes to the development of new synthetic methodologies.