Used as a key intermediate in the synthesis of thiazolidinedione derivatives, which are known for their antidiabetic properties. It serves in developing insulin-sensitizing agents that help in managing type 2 diabetes. Also explored for its potential antioxidant and anti-inflammatory activities due to the presence of phenolic and conjugated structure. Applied in medicinal chemistry research for designing new bioactive molecules targeting metabolic disorders. Its structural features make it suitable for studying structure-activity relationships in heterocyclic compounds with therapeutic potential.