This chemical is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of compounds with potential therapeutic effects, particularly in the creation of drugs targeting neurological and inflammatory conditions. Its unique structure allows for modifications that enhance the efficacy and specificity of the final drug molecules. Additionally, it is employed in research settings for the study of biochemical pathways and drug metabolism, aiding in the discovery of new treatments.