This chemical is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of compounds that target the central nervous system, including potential treatments for neurological disorders. Additionally, it is employed in organic chemistry research for the construction of complex molecular structures, aiding in the study of reaction mechanisms and the development of novel therapeutic agents. Its functional groups make it a versatile building block in medicinal chemistry and drug discovery processes.