This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of pharmaceuticals. It serves as a key intermediate in the production of certain drugs, especially those targeting specific enzymes or receptors. Its unique structure allows for modifications that enhance drug efficacy and selectivity. Additionally, it is employed in research settings for studying biochemical pathways and developing novel therapeutic agents. Its application extends to the field of medicinal chemistry, where it contributes to the design and optimization of drug candidates.