This chemical is primarily utilized in the synthesis of pharmaceuticals and organic compounds. It serves as a key intermediate in the production of various therapeutic agents, particularly those targeting neurological and cardiovascular diseases. Its structure allows for the introduction of functional groups that are essential for biological activity, making it valuable in medicinal chemistry. Additionally, it is employed in the development of inhibitors and modulators for specific enzymes and receptors, contributing to drug discovery and optimization processes. Its stability and reactivity also make it suitable for use in peptide synthesis and other organic transformations.