Primarily utilized in the synthesis of pharmaceutical compounds, it serves as a key intermediate in the production of certain drugs. Its role is crucial in the development of active pharmaceutical ingredients (APIs) that target specific medical conditions. Additionally, it is employed in research laboratories for the study of chemical reactions and the development of new therapeutic agents. Its application extends to the field of organic chemistry, where it is used in the preparation of various esters and amides, contributing to the advancement of medicinal chemistry and drug discovery.