Used in the synthesis of pharmaceuticals, particularly in the development of drugs targeting cardiovascular diseases and hypertension. It serves as a key intermediate in the production of angiotensin II receptor antagonists, which help regulate blood pressure. Additionally, it is utilized in the creation of antifungal and antibacterial agents due to its ability to inhibit microbial growth. In the field of organic chemistry, it acts as a building block for constructing complex molecules with potential therapeutic properties. Its derivatives are also explored for their antioxidant and anti-inflammatory activities, making it valuable in medicinal research.