This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the development of drugs targeting specific diseases, particularly in the creation of inhibitors for certain enzymes or receptors. Additionally, it is employed in research settings for the study of biochemical pathways and the development of novel therapeutic agents. Its structural properties make it valuable in the design of molecules with potential anti-inflammatory, antiviral, or anticancer activities.