This compound is primarily utilized in the field of medicinal chemistry due to its bioactive properties. It has shown potential in the development of therapeutic agents targeting specific cellular pathways. Researchers are exploring its efficacy in anti-inflammatory and anticancer applications, as it may inhibit the growth of certain cancer cells and reduce inflammation in biological systems. Additionally, its unique structure makes it a candidate for further study in drug discovery, particularly in the synthesis of novel compounds with enhanced pharmacological activities. Its role in modulating enzyme activity is also under investigation, which could lead to advancements in treating enzyme-related disorders.