This compound is widely used in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the production of drugs targeting cardiovascular diseases, helping to improve the efficacy and stability of the final medicinal products. Additionally, it is utilized in research and development for creating novel therapeutic agents, particularly in the field of enzyme inhibition and receptor modulation. Its application extends to the development of diagnostic agents, where it aids in the detection and monitoring of specific health conditions. In industrial settings, it is sometimes employed in the formulation of specialty chemicals that require precise phosphate-based components.