This compound is utilized primarily in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of certain drugs, including those targeting neurological disorders and infections. Its unique structure allows for the introduction of specific functional groups that enhance the efficacy and selectivity of the final drug molecules. Additionally, it is employed in organic synthesis for creating complex molecules with potential applications in medicinal chemistry and drug discovery. The compound's reactivity and stability make it a valuable building block in the design of novel therapeutic agents.