Used in the synthesis of organic compounds with potential biological activity, particularly in the development of anticancer agents. It serves as a key intermediate in creating molecules that target specific cellular pathways, such as tubulin polymerization inhibition, which is crucial in halting the growth of cancer cells. Additionally, it is explored for its anti-inflammatory and antioxidant properties, making it valuable in pharmaceutical research for treating chronic diseases. Its structural features also make it a candidate for studying structure-activity relationships in drug design.