This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as an intermediate in the synthesis of more complex molecules, particularly those targeting specific biological pathways or receptors. Its structure is often leveraged in the design of potential therapeutic agents, especially in the development of compounds with anti-inflammatory or anticancer properties. Researchers use it to explore its binding affinity and efficacy in modulating enzyme activity or receptor interactions. Additionally, it may be employed in the study of biochemical processes to better understand disease mechanisms and identify novel treatment strategies.