This chemical is primarily utilized in the synthesis of pharmaceuticals and organic compounds. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs), particularly those targeting neurological and inflammatory conditions. Its structure allows for further functionalization, making it valuable in medicinal chemistry for developing novel drug candidates. Additionally, it is employed in research laboratories for studying reaction mechanisms and developing new synthetic pathways. Its versatility and reactivity make it a useful component in the development of advanced materials and fine chemicals.