Used primarily in the development of pharmaceuticals, this compound is studied for its potential as a bioactive agent. It shows promise in targeting specific enzymes or receptors in the body, making it a candidate for drug discovery, particularly in treating inflammatory or neurological disorders. Additionally, it is explored in organic synthesis for creating complex molecules with therapeutic properties. Its unique structure allows it to interact with biological systems in a targeted manner, which is valuable in designing new medications. Research also focuses on its potential as a precursor in synthesizing other chemically active compounds.