This compound is primarily utilized in the field of medicinal chemistry due to its potential biological activities. It is often explored for its role as a precursor or intermediate in the synthesis of more complex molecules that exhibit pharmacological properties. Researchers are particularly interested in its application in developing new therapeutic agents, especially those targeting inflammatory and infectious diseases. Its structural framework allows for modifications that can enhance efficacy and selectivity, making it valuable in drug discovery and development processes. Additionally, it is studied for its potential use in creating compounds with anti-cancer, anti-microbial, or anti-diabetic properties, contributing to advancements in treating various health conditions.