Used in pharmaceutical research for developing potential therapeutic agents, particularly in cancer treatment. It serves as a key intermediate in synthesizing compounds that target specific enzymes or receptors involved in disease pathways. Its structure is valuable for designing inhibitors that modulate biological processes, contributing to drug discovery efforts. Additionally, it is explored in the development of anti-inflammatory and antimicrobial agents due to its bioactive properties. Researchers also utilize it in organic synthesis to create novel molecules with potential medicinal applications.