This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds. Its structure is particularly valuable in the creation of molecules that target specific enzymes or receptors, making it a crucial component in the design of new drugs. Additionally, it is employed in chemical studies to explore novel reactions and pathways, contributing to advancements in organic chemistry. Its unique properties also make it a candidate for use in material science, particularly in the development of specialized organic materials.