Used in pharmaceutical research as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the development of potential anticancer agents due to its ability to inhibit specific enzymes involved in tumor growth. Additionally, it is explored in the creation of anti-inflammatory and analgesic drugs, leveraging its structural properties to interact with target proteins effectively. Its application extends to the study of neurodegenerative diseases, where it is investigated for its potential to modulate pathways associated with conditions like Alzheimer's. Researchers also utilize it in the design of novel therapeutic agents targeting cardiovascular disorders. Its versatility in medicinal chemistry makes it a valuable compound for drug discovery and development.