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 drug candidates, particularly in the field of oncology and inflammation. Its structure is valuable for designing inhibitors targeting specific enzymes or receptors. Additionally, it is utilized in the preparation of heterocyclic compounds for studying their therapeutic properties. Researchers also explore its derivatives for their potential as anti-cancer, anti-inflammatory, or antimicrobial agents. Its versatility makes it a valuable building block in medicinal chemistry.