This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting specific enzymes or receptors in the body. Its structural framework is often incorporated into molecules designed for therapeutic applications, such as anti-inflammatory, anticancer, or neurological drugs. Additionally, it is explored in the development of novel drug candidates due to its potential to modulate biological pathways effectively. Researchers also study its derivatives for their pharmacokinetic properties and efficacy in preclinical models.