This compound is primarily utilized in the field of medicinal chemistry due to its potential biological activities. It has been studied for its antimicrobial and antifungal properties, making it a candidate for developing new therapeutic agents to combat resistant strains of bacteria and fungi. Additionally, its structure suggests potential applications in cancer research, where it may act as an inhibitor for specific enzymes or pathways involved in tumor growth. Researchers are also exploring its use in the synthesis of novel compounds for drug development, leveraging its unique chemical framework to enhance efficacy and selectivity in targeting diseases.