This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It plays a significant role in the development of pharmaceutical agents, particularly those targeting inflammatory and infectious diseases. Researchers often employ it to create derivatives that exhibit potential antimicrobial, anti-inflammatory, or anticancer properties. Its structural framework is valuable in drug discovery, enabling the exploration of new therapeutic compounds with enhanced efficacy and reduced side effects. Additionally, it is used in biochemical studies to investigate mechanisms of action and optimize drug candidates for clinical applications.