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 drugs targeting specific diseases, particularly in the creation of compounds with antimicrobial or anti-inflammatory properties. Its structure allows it to be a key building block in the production of complex molecules, contributing to the efficacy and stability of the final drug product. Additionally, it is sometimes employed in research settings for the study of biochemical pathways and the development of novel therapeutic agents.