This compound is primarily utilized in the synthesis of active pharmaceutical ingredients (APIs), particularly in the development of antiplatelet agents. It serves as a key intermediate in the production of clopidogrel, a widely prescribed medication for preventing blood clots in patients with cardiovascular diseases. Its role in the chemical synthesis process is crucial for ensuring the final drug's efficacy and stability. Additionally, it is employed in research settings to explore novel therapeutic compounds targeting platelet aggregation and related disorders.