This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of various drugs, including those targeting neurological disorders and cardiovascular diseases. Its structure allows for effective incorporation into complex molecules, making it valuable in medicinal chemistry. Additionally, it is used in research settings for the development of novel therapeutic agents and in the study of biochemical pathways. Its versatility and reactivity make it a crucial component in the design and synthesis of new drug candidates.