This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and cardiovascular diseases. Its structural framework is valuable in designing molecules that interact with specific enzymes or receptors, aiding in the discovery of new therapeutic agents. Additionally, it is explored in the development of novel anti-inflammatory and antimicrobial drugs due to its potential to modulate biological pathways effectively. Researchers also investigate its role in creating advanced materials for drug delivery systems, enhancing the efficacy and stability of pharmaceutical formulations.