This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of pharmaceutical intermediates. It serves as a key building block in the production of certain drugs, contributing to the formation of complex molecular structures. Its role in medicinal chemistry is significant, as it aids in creating active pharmaceutical ingredients (APIs) that target specific biological pathways. Additionally, it is employed in research settings for studying chemical reactions and developing new therapeutic agents. Its unique structure allows for versatile applications in fine chemical synthesis, making it valuable in both industrial and academic laboratories.