This compound is primarily utilized in the field of medicinal chemistry and drug development, particularly as a potential therapeutic agent. Its structure suggests it may act as a selective inhibitor or modulator of specific biological targets, such as enzymes or receptors, making it valuable in the study and treatment of various diseases. Researchers are exploring its application in oncology, where it may inhibit pathways involved in cancer cell proliferation or survival. Additionally, it is being investigated for its potential role in neurological disorders due to its ability to interact with central nervous system targets. Its sulfonate hydrate form enhances solubility and bioavailability, making it suitable for preclinical and clinical studies. This compound is also used in biochemical assays to understand its mechanism of action and optimize its efficacy for future pharmaceutical applications.