This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structural features make it suitable for developing molecules with potential anti-inflammatory and analgesic properties. Researchers often explore its derivatives for their efficacy in targeting specific enzymes or receptors involved in pain and inflammation pathways. Additionally, it has been investigated for its role in creating novel compounds that may exhibit antibacterial or antifungal activities, contributing to the development of new therapeutic options. Its application in drug discovery highlights its importance in advancing treatments for various medical conditions.