This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its structural features make it a valuable scaffold for developing potential therapeutic agents, especially in the design of anti-inflammatory, anticancer, or antimicrobial drugs. Researchers often explore its derivatives to optimize activity, selectivity, and pharmacokinetic properties. Additionally, its application extends to academic studies, where it is used to investigate structure-activity relationships and to develop novel chemical entities for drug discovery programs.