This compound is primarily utilized in pharmaceutical research and development, particularly as a key intermediate in the synthesis of various biologically active molecules. Its structure is often incorporated into the design of compounds targeting specific receptors or enzymes, making it valuable in drug discovery. It has shown potential in the development of therapeutic agents for treating conditions such as inflammation, cancer, and neurological disorders. Additionally, its unique chemical framework allows for further functionalization, enabling researchers to explore a wide range of pharmacological applications.