This chemical is primarily used in the synthesis of various pharmaceutical compounds, particularly those targeting specific enzymes or biological pathways. It serves as a key intermediate in the development of drugs with potential antiviral, anticancer, or antimicrobial properties. Additionally, it is utilized in the creation of heterocyclic compounds, which are essential in medicinal chemistry for designing molecules with therapeutic effects. Its unique structure allows it to participate in reactions that form complex molecular frameworks, making it valuable in research and development of new active pharmaceutical ingredients (APIs).