This compound is primarily utilized in the field of medicinal chemistry and drug development. It acts as a potent inhibitor targeting specific protein-protein interactions, particularly in the context of cancer therapy. Its structure allows it to bind effectively to certain oncogenic proteins, disrupting their function and thereby inhibiting tumor growth. Additionally, it is explored for its potential in treating neurodegenerative diseases by modulating protein misfolding and aggregation processes. Researchers also investigate its application in developing novel anti-inflammatory agents due to its ability to interfere with signaling pathways involved in inflammation. Its unique chemical properties make it a promising candidate for further pharmacological studies and therapeutic innovations.