This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of compounds with potential therapeutic applications, such as inhibitors targeting specific enzymes or receptors involved in disease pathways. Researchers often explore its derivatives for their pharmacological properties, including anti-inflammatory, anticancer, or neuroprotective effects. Additionally, its unique scaffold makes it a promising candidate for the design of novel drugs, particularly in the realm of central nervous system disorders and oncology. Its versatility in chemical modifications allows for the creation of diverse analogs, enabling further exploration of its biological activity and potential clinical applications.