This compound is primarily utilized in the synthesis of various pharmaceutical intermediates. It serves as a key building block in the development of biologically active molecules, particularly in the creation of compounds with potential therapeutic applications. Its structure is often exploited in medicinal chemistry to design drugs targeting specific enzymes or receptors. Additionally, it is used in research settings to explore novel chemical reactions and pathways, contributing to advancements in organic synthesis. Its versatility makes it valuable in the production of complex organic molecules for drug discovery and development.