This compound is primarily utilized in the field of medicinal chemistry due to its potential biological activities. It serves as a key intermediate in the synthesis of various pharmacologically active molecules, particularly those targeting antimicrobial and antifungal properties. Researchers have explored its derivatives for their effectiveness in inhibiting the growth of pathogenic microorganisms, making it a valuable component in the development of new therapeutic agents. Additionally, its structural framework is of interest in the design of compounds with potential anti-inflammatory and anticancer activities. The compound's versatility in chemical modifications allows for the creation of diverse analogs, which are screened for their efficacy in treating various diseases. Its application extends to material science, where it is investigated for its role in the development of novel organic materials with specific electronic or photonic properties.