This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for the development of potential pharmaceutical agents, particularly in the design of compounds with anti-inflammatory, antimicrobial, or anticancer properties. Its structure allows for modifications that can enhance drug efficacy and selectivity. Additionally, it is explored in research for its potential role in creating novel therapeutic agents targeting specific enzymes or receptors involved in disease pathways. Its applications extend to academic and industrial research focused on drug discovery and development.