Primarily utilized in the synthesis of pharmaceutical compounds, this chemical serves as a key intermediate in the production of various drugs. It is particularly significant in the development of antiviral and antibacterial agents, where its structural properties enable the creation of potent therapeutic molecules. Additionally, it is employed in the research of enzyme inhibitors, contributing to studies targeting specific biochemical pathways. Its role in organic synthesis also extends to the preparation of complex heterocyclic compounds, which are essential in medicinal chemistry.