Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various therapeutic agents. It is particularly valuable in the development of antifungal and antimicrobial drugs, owing to its structural properties that enhance binding affinity to target enzymes or receptors. Additionally, it is employed in the study of biochemical pathways, helping researchers understand mechanisms of action and optimize drug efficacy. Its role in creating derivatives with potential anti-inflammatory or analgesic properties is also under exploration.