Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for treating various diseases. It plays a role in the creation of compounds with potential anti-inflammatory, anticancer, or antimicrobial properties. Additionally, it is utilized in organic synthesis to construct complex molecules, often serving as a building block in the production of agrochemicals and specialty chemicals. Its functional groups make it valuable for further chemical modifications, enabling the creation of diverse derivatives for research and industrial applications.