This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research due to its potential biological activity. It serves as a key intermediate in the synthesis of more complex molecules that may exhibit therapeutic properties. Researchers explore its derivatives for possible applications in treating various diseases, particularly focusing on its role in modulating biological pathways. Additionally, it is studied for its potential use in developing novel drugs with anti-inflammatory, antimicrobial, or anticancer effects. Its unique structural features make it a valuable candidate for further investigation in drug discovery and development processes.