This compound is primarily utilized in the synthesis of pharmaceutical intermediates. It serves as a key building block in the production of active pharmaceutical ingredients (APIs), particularly in the development of drugs targeting specific enzymes or receptors. Its structure allows for further chemical modifications, making it valuable in medicinal chemistry for creating compounds with potential therapeutic effects. Additionally, it is explored in research settings for developing novel treatments for various diseases, including neurological disorders and cancer. Its role in organic synthesis also extends to the preparation of fine chemicals and specialty materials.