This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex chemical structures. Its unique molecular framework makes it valuable for constructing compounds with potential biological activity, particularly in the development of pharmaceuticals. Researchers often employ it in the synthesis of molecules that may exhibit therapeutic properties, such as anti-inflammatory or antioxidant effects. Additionally, its structure is of interest in the study of chemical reactions involving aromatic and aliphatic systems, contributing to advancements in synthetic methodologies.