This compound is primarily utilized in the development of pharmaceutical agents, particularly as a key intermediate in the synthesis of drugs targeting inflammatory conditions. Its structure is beneficial in creating molecules that inhibit specific enzymes involved in inflammation pathways, making it valuable for research in anti-inflammatory and analgesic medications. Additionally, it has potential applications in the study of metabolic disorders, where its derivatives may act as modulators of certain biological processes. Its unique chemical properties also make it a candidate for further exploration in medicinal chemistry for novel therapeutic agents.