Used in organic synthesis as an intermediate for the production of various pharmaceuticals and bioactive compounds. It plays a role in the development of potential therapeutic agents, particularly in the creation of molecules with anti-inflammatory or anticancer properties. The compound's structure allows it to be a valuable building block in medicinal chemistry research. Additionally, it can be utilized in the synthesis of complex organic molecules for studying biological pathways or drug discovery processes. Its versatility makes it a useful component in the design and optimization of novel chemical entities.