This chemical is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and inflammatory disorders. Its unique structure allows it to interact with specific enzymes and receptors, making it valuable for designing inhibitors or modulators in therapeutic applications. Additionally, it has been explored for its potential antioxidant properties, which could be beneficial in developing treatments for oxidative stress-related conditions. Researchers also investigate its use in creating novel pharmaceuticals with improved efficacy and reduced side effects.