This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of pharmaceutical agents, especially those targeting enzyme inhibition. It has shown potential in the creation of inhibitors for kinases and other enzymes involved in signaling pathways, making it relevant for research in cancer therapy and other diseases. Additionally, its derivatives are explored for their antimicrobial and anti-inflammatory properties, contributing to the development of new therapeutic options. Its versatility in chemical modifications allows for the design of compounds with optimized efficacy and selectivity for specific biological targets.