This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of potential therapeutic agents, particularly those targeting inflammatory and immune-related disorders. Its unique structure allows for the modulation of biological pathways, making it valuable in the design of enzyme inhibitors or receptor modulators. Researchers often explore its derivatives for their pharmacological properties, aiming to develop novel treatments for chronic diseases. Additionally, it may be employed in biochemical studies to investigate molecular interactions and mechanisms of action in cellular systems.