This chemical is primarily utilized in the synthesis of pharmaceutical intermediates and active pharmaceutical ingredients (APIs). It serves as a key building block in the development of compounds with potential therapeutic properties, particularly in the fields of oncology and neurology. Additionally, it is employed in organic synthesis for the creation of complex molecules, where its unique structure aids in the introduction of specific functional groups. Its application extends to research and development in medicinal chemistry, where it is used to explore new drug candidates and optimize existing ones.