This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of various pharmaceutical agents. It plays a role in the development of drugs targeting inflammatory and autoimmune diseases due to its structural properties, which can influence biological activity. Additionally, it is studied for its potential application in creating compounds with analgesic or anti-inflammatory effects, making it valuable in the research and development of new therapeutic treatments. Its unique structure allows for modifications that can enhance drug efficacy and selectivity.