Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting bacterial and fungal infections. Its structure is valuable in developing antimicrobial agents due to its ability to interfere with microbial DNA and enzyme functions. Additionally, it finds application in organic synthesis for creating complex molecules used in research and drug development. Its derivatives are also explored for potential use in treating diseases like malaria and cancer, owing to their bioactive properties.