This compound is primarily utilized in the field of medicinal chemistry due to its potential biological activities. It has been studied for its antioxidant properties, which make it a candidate for developing treatments aimed at reducing oxidative stress-related damage in cells. Additionally, its structural features suggest it could interact with various enzymes and receptors in the body, making it a subject of interest in the synthesis of new therapeutic agents. Researchers are also exploring its use in the development of anti-inflammatory and anticancer drugs, as its molecular framework allows for modifications that can enhance its efficacy and selectivity towards specific biological targets.