This chemical is primarily utilized as a key intermediate in the synthesis of various pharmaceutical compounds. It plays a significant role in the development of biologically active molecules, particularly in the creation of drugs targeting specific enzymes or receptors. Its structure is often incorporated into compounds designed for therapeutic applications, such as anticancer agents or inhibitors for certain disease pathways. Additionally, it is used in research settings to explore novel chemical reactions and to develop new methodologies in organic synthesis. Its versatility makes it valuable in medicinal chemistry for designing and optimizing drug candidates.