This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. It serves as a building block for developing compounds with potential anti-inflammatory and analgesic properties. Researchers have explored its derivatives for their ability to modulate biological pathways, particularly in the treatment of chronic pain and inflammatory disorders. Additionally, its structural framework is of interest in the design of novel drugs targeting cardiovascular diseases, as it exhibits potential vasodilatory effects. Its application extends to agricultural chemistry, where it is investigated for the development of herbicides and plant growth regulators due to its ability to interfere with specific enzymatic processes in plants.