Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of cardiovascular drugs, where its structure contributes to the efficacy of the final product. Additionally, it finds application in the creation of anti-inflammatory and analgesic medications, leveraging its chemical properties to enhance therapeutic outcomes. In research settings, it is employed to study biochemical pathways and receptor interactions, aiding in the discovery of new treatments. Its versatility also extends to the synthesis of fine chemicals and specialty compounds used in advanced material science.