Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anti-inflammatory and antioxidant agents. Its structure supports activity in scavenging free radicals, making it valuable in research for neurodegenerative and oxidative stress-related diseases. Also explored in the design of enzyme inhibitors due to its ability to interact with biological targets such as kinases and cyclooxygenases. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug candidates.