Used primarily in pharmaceutical research as a key intermediate in the synthesis of various biologically active compounds. It plays a crucial role in the development of potential therapeutic agents, particularly in the creation of molecules with anti-inflammatory, antimicrobial, and anticancer properties. Additionally, it is employed in the study of enzyme inhibition and receptor binding activities, aiding in the discovery of new drugs targeting specific diseases. Its structural features make it valuable in medicinal chemistry for designing and optimizing drug candidates.