This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research due to its potential biological activities. It is often investigated for its antimicrobial, antifungal, and anti-inflammatory properties, making it a candidate for the development of new therapeutic agents. Researchers explore its efficacy in combating various microbial infections and inflammatory conditions. Additionally, its structural features make it a valuable scaffold in drug design, particularly for synthesizing derivatives with enhanced pharmacological profiles. Its applications also extend to material science, where it is studied for its role in developing novel organic compounds with specific electronic or photophysical properties.