This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds. Its structural features make it valuable for designing molecules with potential therapeutic applications, particularly in the development of drugs targeting neurological disorders and inflammation. Additionally, it serves as a building block in organic synthesis for creating complex heterocyclic compounds, which are often explored for their pharmacological properties. Researchers also investigate its derivatives for their potential as enzyme inhibitors or receptor modulators, contributing to advancements in drug discovery and development.