Primarily used as an intermediate in the synthesis of pharmaceuticals, this compound plays a crucial role in the development of various active pharmaceutical ingredients (APIs). It is often employed in the production of anti-inflammatory and analgesic drugs, contributing to the formulation of medications that alleviate pain and reduce inflammation. Additionally, it finds application in organic synthesis, where it serves as a building block for more complex chemical structures, particularly in the creation of fine chemicals and specialty compounds. Its utility extends to research and development laboratories, where it is utilized in the study of chemical reactions and the optimization of drug synthesis pathways.