This chemical is primarily used in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of various drugs, including those targeting neurological and cardiovascular conditions. Its structure allows for modifications that enhance the efficacy and specificity of the final drug molecules. Additionally, it is utilized in research laboratories for the development of new therapeutic agents, contributing to advancements in medicinal chemistry. Its role in facilitating complex chemical reactions makes it valuable in industrial and academic settings for drug discovery and development.