This chemical is primarily utilized in the development of pharmaceutical compounds, particularly as an intermediate in the synthesis of active pharmaceutical ingredients (APIs). Its structure makes it valuable for creating molecules with potential therapeutic effects, especially in the design of drugs targeting inflammation or metabolic disorders. Additionally, it is employed in organic synthesis research to explore novel chemical reactions and pathways, contributing to advancements in medicinal chemistry. Its functional groups allow for further modifications, making it a versatile building block in drug discovery and development processes.