This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the design of drugs targeting specific enzymes or receptors, making it a crucial component in the development of potential therapeutic agents. Researchers often explore its derivatives for their potential applications in treating conditions such as inflammation, cancer, and neurological disorders. Additionally, its unique chemical framework allows for modifications that can enhance drug efficacy and selectivity, contributing to advancements in medicinal chemistry.