This chemical is primarily used in the synthesis of various pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs targeting neurological and cardiovascular diseases, owing to its structural properties that allow for further functionalization. Additionally, it is utilized in organic chemistry research for constructing complex molecules, especially in the development of heterocyclic compounds, which are crucial in medicinal chemistry. Its role in facilitating efficient and selective reactions makes it valuable in both industrial and academic settings for advanced chemical synthesis.