Widely used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of antifungal and antiviral agents. Its derivatives are key components in the development of drugs targeting infectious diseases. Additionally, it serves as a building block in organic synthesis for creating complex molecules used in medicinal chemistry. The compound is also utilized in research laboratories for studying biochemical pathways and developing new therapeutic compounds. Its role in the synthesis of heterocyclic compounds makes it valuable in the field of drug discovery and development.