This chemical is primarily used in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting metabolic and inflammatory conditions. It serves as a key intermediate in the production of nicotinic acid derivatives, which are essential for creating medications that regulate cholesterol levels and treat cardiovascular diseases. Additionally, it is utilized in research settings to study enzyme inhibition and develop novel therapeutic agents. Its role in organic synthesis also extends to the creation of complex molecules for biochemical studies and drug discovery processes.