Used primarily in research settings for its biological activity, this compound exhibits anti-inflammatory and antimicrobial properties. It has been investigated for potential use in pharmaceutical formulations targeting skin conditions due to its ability to inhibit certain enzymes involved in inflammation. Additionally, it shows activity against a range of bacteria and fungi, making it a candidate for development in topical antiseptics. Its structural similarity to salicylates also suggests possible use in studies related to cell signaling and apoptosis. Limited industrial use exists, mainly in specialty reagents for organic synthesis.