This chemical is primarily utilized in the synthesis of various pharmaceuticals and organic compounds. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs), particularly in the development of drugs targeting neurological and cardiovascular disorders. Its structure allows for versatile chemical modifications, making it valuable in creating complex molecules with specific biological activities. Additionally, it is employed in organic research for the development of novel chemical entities and in the study of reaction mechanisms. Its application extends to the fine chemicals industry, where it is used in the preparation of specialty chemicals for diverse industrial purposes.