This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly those targeting enzyme inhibition. It serves as a key intermediate in the development of drugs designed to treat conditions related to oxidative stress and inflammation. Additionally, it is employed in research settings to study the mechanisms of hydroxyl radical scavenging, making it valuable in understanding and developing treatments for diseases associated with oxidative damage. Its structural properties also make it a candidate for use in the design of novel chelating agents, which can be applied in metal ion detoxification therapies.