This compound is primarily utilized in the field of medicinal chemistry and pharmacological research due to its potential biological activity. It is often investigated for its role as a potential therapeutic agent, particularly in the development of drugs targeting specific receptors or enzymes. Researchers explore its efficacy in inhibiting or modulating biological pathways, which could be beneficial in treating diseases such as cancer, neurological disorders, or infectious diseases. Additionally, its structural properties make it a candidate for further chemical modifications to enhance its potency, selectivity, or pharmacokinetic profile. The compound is also used in academic and industrial laboratories to study structure-activity relationships, aiding in the design of novel bioactive molecules.