This chemical is primarily utilized in the pharmaceutical and chemical synthesis industries. It serves as a key intermediate in the development of various active pharmaceutical ingredients (APIs), particularly in the synthesis of compounds with potential therapeutic applications. Its structure allows it to participate in reactions that form complex molecules, making it valuable in drug discovery and development processes. Additionally, it is used in research settings to study its potential biological activities and to explore its role in creating novel chemical entities. Its applications also extend to the production of specialty chemicals, where it contributes to the synthesis of advanced materials or fine chemicals.