This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs), particularly those targeting therapeutic areas such as cardiovascular diseases and metabolic disorders. Its structure allows for further functionalization, making it valuable in the development of novel drug candidates. Additionally, it is employed in research settings for the study of biochemical pathways and the design of enzyme inhibitors. Its role in organic synthesis also extends to the creation of agrochemicals, contributing to the development of pesticides and herbicides. The compound’s versatility and reactivity make it a significant component in both industrial and academic chemical processes.