Used primarily as an intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). Its structure allows it to be a key building block in creating compounds with potential therapeutic effects, such as anti-inflammatory or anticancer agents. Additionally, it serves as a precursor in the production of specialty chemicals used in research and development, enabling the study of new drug candidates and their mechanisms of action. Its unique functional groups make it valuable for modifying and optimizing drug properties, such as bioavailability and stability.