Used primarily in pharmaceutical research, this compound is explored for its potential as a bioactive molecule. It is studied for its ability to inhibit specific enzymes or proteins, making it a candidate for developing new drugs targeting diseases like cancer or microbial infections. Additionally, it is investigated in material science for its role in synthesizing novel organic compounds with unique properties. Its structural features allow it to act as a ligand in coordination chemistry, forming complexes with metals for catalytic or sensing applications.