Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of potential anticancer agents, as it can be modified to target specific cellular pathways involved in tumor growth. Additionally, it is utilized in the creation of novel compounds for studying enzyme inhibition, which aids in understanding disease mechanisms and designing therapeutic drugs. Researchers also explore its potential in developing anti-inflammatory and antimicrobial agents, leveraging its unique chemical properties to enhance drug efficacy and selectivity.