Used in the synthesis of anticancer agents, particularly as a precursor for derivatives like etoposide and teniposide. These compounds inhibit topoisomerase II, an enzyme involved in DNA replication and cell division, making them effective in treating various cancers, including lung cancer, testicular cancer, and leukemias. Its structural features allow for chemical modifications that enhance antitumor activity and reduce toxicity. Also investigated for antiviral applications due to its ability to interfere with cell proliferation pathways.