This chemical is primarily utilized in the field of medicinal chemistry and drug development. It is often investigated for its potential as a bioactive compound, particularly in the treatment of inflammatory diseases and cancers. Its structure suggests it may act as an inhibitor of specific enzymes or signaling pathways involved in disease progression. Researchers explore its efficacy in modulating cellular processes, such as reducing oxidative stress or inhibiting the activity of certain kinases. Additionally, it may serve as a lead compound for the synthesis of derivatives with enhanced therapeutic properties. Its application is largely confined to preclinical studies, where it is tested for safety, pharmacokinetics, and biological activity.