This chemical is primarily utilized in the development of pharmaceutical compounds, particularly in the synthesis of potential therapeutic agents. Its structure makes it a valuable intermediate in the creation of molecules that may exhibit anti-inflammatory or analgesic properties. Additionally, it is explored in research for its potential role in designing enzyme inhibitors, which could be beneficial in treating various diseases. The compound is also studied in organic chemistry for its reactivity and potential use in constructing complex organic frameworks. Its applications extend to material science, where it may contribute to the development of novel polymers or coatings with specific functional properties.