This chemical is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of compounds that exhibit anti-inflammatory and analgesic properties. Additionally, it is employed in the creation of specialty chemicals that are used in various industrial applications, including the formulation of dyes and pigments. Its role in organic synthesis is significant due to its ability to introduce specific functional groups into complex molecules, making it valuable in the field of medicinal chemistry and material science.