This compound is primarily utilized in organic synthesis as a versatile intermediate. It is often employed in the preparation of various pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). Its structure allows for the introduction of functional groups, making it valuable in the synthesis of complex molecules. Additionally, it serves as a key building block in the creation of compounds with potential biological activity, such as antimicrobial or anti-inflammatory agents. Its applications extend to research and development in medicinal chemistry, where it aids in the design and optimization of new drug candidates.