Used primarily in the synthesis of pharmaceuticals, it serves as a key intermediate in the production of various drugs. Its structure is valuable in developing compounds with potential antioxidant properties, making it relevant in research focused on combating oxidative stress-related diseases. Additionally, it finds application in organic chemistry as a building block for creating complex molecules, particularly in the field of medicinal chemistry. Its role in the synthesis of natural product derivatives is also noteworthy, contributing to the development of bioactive compounds.