This chemical is primarily utilized in the synthesis of pharmaceutical compounds, where it serves as a key intermediate in the production of various drugs. Its structural properties make it valuable for creating molecules with specific biological activities, particularly in the development of antibiotics and anti-inflammatory agents. Additionally, it is used in organic chemistry research for constructing complex organic frameworks, aiding in the study of reaction mechanisms and the development of new synthetic pathways. Its role in fine chemical manufacturing also extends to the production of specialty chemicals used in diverse industrial applications.