This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug compounds. It serves as a key intermediate in the creation of molecules that target various biological pathways, including those involved in inflammation, cancer, and neurological disorders. Its unique structure allows for the development of compounds with potential therapeutic effects, making it valuable in medicinal chemistry. Additionally, it is explored in the design of enzyme inhibitors and receptor modulators, contributing to the advancement of targeted therapies.