Used primarily in pharmaceutical research, it serves as a key intermediate in the synthesis of various biologically active compounds. Its structure is valuable in developing potential therapeutic agents, particularly in oncology, where it is explored for its role in inhibiting specific enzymes or pathways involved in cancer progression. Additionally, it is utilized in the study of anti-inflammatory and neuroprotective drugs, contributing to advancements in treating chronic diseases and neurological disorders. Its applications also extend to organic synthesis, where it aids in creating complex molecules for further chemical exploration.