This compound 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 therapeutic areas, particularly in the design of molecules with potential antiviral or anticancer properties. Its structural features make it a valuable building block for creating compounds with enhanced bioavailability and efficacy. Additionally, it is explored in research settings for its potential use in organic synthesis and the development of novel chemical entities with diverse biological activities.