Used as a key intermediate in the synthesis of pharmaceuticals and natural products, particularly in the development of bioactive molecules with antimicrobial and anticancer properties. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for constructing complex heterocyclic compounds. It is also employed in the preparation of analogs for structure-activity relationship (SAR) studies. Additionally, it serves as a building block in the synthesis of methylenedioxy-containing compounds, which are common motifs in drug discovery and agrochemical research.