This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structural framework is often incorporated into the development of potential therapeutic agents, particularly those targeting cardiovascular diseases and inflammation. Researchers have explored its derivatives for their inhibitory effects on specific enzymes, such as phosphodiesterases, which play a role in regulating cellular processes. Additionally, it has been investigated for its potential use in creating novel antiplatelet and anticoagulant drugs, offering promising avenues for treating conditions like thrombosis. Its versatility in chemical modifications makes it a valuable scaffold for drug discovery and optimization.