This chemical is widely used in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the production of drugs targeting cardiovascular diseases, due to its ability to form stable and bioactive compounds. Additionally, it is utilized in organic synthesis for creating complex molecules with potential therapeutic properties. Its application extends to research and development, where it serves as a building block for novel compounds in drug discovery programs. In industrial settings, it is also employed in the manufacture of specialty chemicals that require high purity and specific reactivity.