This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug compounds. It serves as a key intermediate in the creation of molecules with potential therapeutic properties, such as anti-cancer, anti-inflammatory, or antimicrobial agents. Its unique structure allows for modifications that can enhance biological activity and selectivity. Additionally, it is employed in organic chemistry studies to explore new reaction pathways and mechanisms, contributing to advancements in medicinal chemistry and drug discovery.