This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of active pharmaceutical ingredients (APIs) for various therapeutic applications. Its structure is valuable in the preparation of pyridine derivatives, which are crucial in designing drugs targeting neurological disorders, cardiovascular diseases, and infectious conditions. Additionally, it serves as a key building block in organic synthesis for creating complex molecules with potential biological activity. Its functional groups make it suitable for further chemical modifications, enabling researchers to explore its utility in medicinal chemistry and drug discovery processes.