This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of more complex molecules. It plays a critical role in the development of drugs targeting metabolic disorders, particularly those involving enzyme regulation. Its structure, featuring multiple functional groups, allows for versatile chemical modifications, making it valuable in creating compounds with specific biological activities. Additionally, it is explored in research for its potential therapeutic effects, particularly in modulating pathways related to inflammation and oxidative stress. Its application extends to laboratory studies where it serves as a model compound for understanding reaction mechanisms and optimizing synthetic routes for drug development.