This compound is primarily utilized in the development of pharmaceutical agents, particularly in the field of antimicrobial and antifungal treatments. Its structure allows it to interact effectively with specific biological targets, making it a valuable component in the synthesis of drugs aimed at combating resistant strains of bacteria and fungi. Additionally, it is being explored for its potential in cancer therapy, where it may inhibit certain enzymes or pathways critical to tumor growth. Research is ongoing to optimize its efficacy and safety for clinical use.