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 with antiviral or anticancer properties. Its structure allows for further functionalization, making it valuable in medicinal chemistry for designing molecules with specific biological activities. Additionally, it is employed in research settings for studying biochemical pathways and developing novel therapeutic agents. Its applications are largely confined to laboratories and pharmaceutical manufacturing due to its specialized role in organic synthesis.