This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of drugs that target neurological and cardiovascular disorders. Its structure allows for the creation of complex molecules that are essential in developing medications with specific therapeutic effects. Additionally, it is employed in research laboratories for studying biochemical pathways and developing new chemical entities with potential medicinal properties. Its role in organic synthesis is crucial for constructing heterocyclic compounds, which are often found in active pharmaceutical ingredients.