This chemical is primarily utilized in the field of medicinal chemistry due to its potential biological activities. It is often studied for its role as a precursor or intermediate in the synthesis of various pharmaceutical compounds. Researchers are particularly interested in its structural properties, which make it a candidate for developing drugs with anti-inflammatory, antimicrobial, or anticancer properties. Additionally, it is explored for its potential use in designing enzyme inhibitors, which can be crucial in treating diseases caused by enzymatic dysregulation. Its application extends to academic and industrial research, where it is used to investigate novel therapeutic agents and their mechanisms of action.