Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs. Its structure is particularly valuable in the development of antiviral and anticancer agents, where it acts as a building block for more complex molecules. Additionally, it finds application in organic synthesis, aiding in the creation of novel compounds with potential therapeutic properties. Its role in the production of specialized chemicals for biochemical studies is also noteworthy, contributing to advancements in medical and scientific research.