This compound is primarily utilized 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 inflammatory and autoimmune diseases, particularly due to its structural properties that allow it to modulate specific biological pathways. Additionally, it is explored in research settings for its potential applications in designing novel therapeutic agents, especially in the field of immunology and oncology. Its unique chemical structure makes it valuable for creating compounds with improved efficacy and reduced side effects.