Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of anti-inflammatory and antimicrobial compounds. Its structure supports activity against certain enzyme targets involved in disease pathways, making it valuable in medicinal chemistry research. Also employed in the design of novel hydrazide-based compounds with potential anticancer properties. Commonly utilized in laboratory settings for structure-activity relationship (SAR) studies due to its ability to interact with biological receptors through hydrogen bonding and π-π stacking interactions.