This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel therapeutic agents. It serves as a key intermediate in the production of compounds with potential anticancer and anti-inflammatory properties. Its structural framework is valuable in designing molecules that target specific enzymes or receptors involved in disease pathways. Additionally, it is explored in the development of inhibitors for various biological processes, contributing to advancements in medicinal chemistry. Researchers also investigate its role in creating derivatives with enhanced bioavailability and efficacy for potential drug candidates.