This chemical is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of biologically active compounds, particularly those targeting neurological and cardiovascular disorders. Its structure is often leveraged to design molecules that interact with specific enzymes or receptors, making it valuable in the creation of potential therapeutic agents. Additionally, it is explored in research for its potential anti-inflammatory and antioxidant properties, contributing to studies aimed at developing treatments for chronic diseases. Its application extends to material science, where it is investigated for use in advanced polymers and coatings due to its unique chemical properties.