This compound is primarily utilized in the field of organic synthesis and pharmaceutical research due to its unique structural properties. It serves as a key intermediate in the development of various bioactive molecules, particularly those targeting inflammation and oxidative stress-related conditions. Its cinnamoyl moiety makes it a valuable component in the design of compounds with potential antioxidant and anti-inflammatory effects. Additionally, it is explored in the synthesis of novel drug candidates for diseases like cancer and neurodegenerative disorders, where modulation of cellular pathways is critical. Its application extends to material science, where it is used in the preparation of advanced polymers and coatings with specific functional properties.