This compound is primarily utilized in the development of pharmaceutical agents, particularly in the treatment of inflammatory and autoimmune diseases. Its unique structure allows it to act as a potent inhibitor of specific enzymes involved in the inflammatory response, making it effective in reducing symptoms associated with conditions like rheumatoid arthritis and psoriasis. Additionally, it is being researched for its potential use in targeting certain cancers, as it may interfere with pathways that promote tumor growth. The compound's ability to modulate immune responses also makes it a candidate for studying novel therapies in immunology and oncology.