This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure serves as a key intermediate in the creation of compounds with potential therapeutic effects, such as anti-inflammatory, antiviral, or anticancer properties. Researchers explore its derivatives to enhance drug efficacy and selectivity, making it valuable in medicinal chemistry. Additionally, it is studied for its role in modulating biological pathways, contributing to the discovery of new treatments for various diseases.