This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the development of drugs targeting various diseases, including cancer and inflammatory conditions. Its structure allows for modifications that enhance the efficacy and selectivity of potential therapeutic agents. Additionally, it is employed in the study of biochemical pathways, helping researchers understand the mechanisms of action of certain enzymes and receptors. Its applications extend to material science, where it contributes to the creation of advanced polymers and coatings with specific properties.