This chemical is widely used in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting cardiovascular diseases, where it helps in creating compounds that regulate blood pressure and improve heart function. Additionally, it is utilized in the production of anti-inflammatory medications, aiding in the reduction of inflammation and pain in patients with chronic conditions. Its application extends to research laboratories, where it serves as a key reagent in organic synthesis, enabling the creation of complex molecules for further study and development. The compound's stability and reactivity make it a valuable component in both industrial and academic settings.