This compound is primarily utilized in pharmaceutical research and development due to its potential biological activity. It is often investigated for its role as a building block in the synthesis of more complex molecules, particularly those targeting therapeutic applications. Researchers explore its use in designing drugs that may interact with specific enzymes or receptors, potentially leading to treatments for various medical conditions. Its structural features make it a candidate for studies in medicinal chemistry, where it can be modified to enhance efficacy, selectivity, or bioavailability. Additionally, it may serve as an intermediate in the production of compounds with anti-inflammatory, antimicrobial, or other pharmacological properties.