This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for the development of compounds with potential therapeutic applications, particularly in the treatment of neurological disorders and inflammatory conditions. Its structural framework is often incorporated into drug candidates targeting enzymes or receptors involved in disease pathways. Additionally, it is explored in research for its potential antioxidant properties, which could be beneficial in combating oxidative stress-related diseases. Its versatility in chemical modifications makes it a valuable component in the design of novel pharmaceuticals.