Used primarily as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anti-inflammatory and enzyme-inhibiting agents. Its structure supports binding to specific biological targets, making it valuable in drug design for metabolic and autoimmune disorders. The compound’s functional groups allow for derivatization to enhance bioavailability and selectivity in final drug formulations. It is also employed in research settings to study protein-ligand interactions due to its affinity for certain cellular receptors.