This chemical is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of compounds with potential therapeutic applications, particularly in the area of antiviral and anticancer agents. Its structure allows it to interact effectively with biological targets, making it valuable in drug discovery and development processes. Additionally, it is used in research laboratories for studying enzyme inhibition and receptor binding activities, contributing to the understanding of biochemical pathways and the design of new drugs.