This chemical is primarily used as an intermediate in the synthesis of various pharmaceutical compounds. It plays a key role in the production of drugs that target cardiovascular diseases, as it helps in the formation of active ingredients that regulate blood pressure and heart function. Additionally, it is utilized in the development of antifungal and antibacterial agents, contributing to the creation of medications that combat infections. Its unique structure also makes it valuable in organic synthesis, particularly in the preparation of complex molecules for research and industrial applications.