Used primarily in the pharmaceutical industry as an intermediate in the synthesis of immunomodulatory drugs, particularly those targeting cancer and inflammatory diseases. It plays a key role in the production of derivatives that modulate the activity of cereblon, a protein involved in cell signaling and protein degradation pathways. This compound supports the development of therapeutics for multiple myeloma and other hematological malignancies due to its ability to enhance the efficacy of targeted protein degradation. Its structure allows for selective modification, making it valuable in creating potent and specific drug candidates.