This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs targeting various therapeutic areas, including antiviral and anticancer medications. Its structure allows for further chemical modifications, making it valuable in creating molecules with specific biological activities. Additionally, it is used in research and development for exploring new drug candidates, contributing to advancements in medicinal chemistry. Its role in these applications highlights its importance in the pharmaceutical industry.