This compound is primarily utilized in the field of medicinal chemistry due to its potential biological activities. It is often investigated for its role as a precursor or intermediate in the synthesis of more complex molecules that exhibit pharmacological properties. Researchers explore its application in developing therapeutic agents, particularly for targeting enzymes or receptors involved in various diseases. Its structural features make it a candidate for drug discovery programs, especially in areas like oncology, neurology, and inflammation. Additionally, it may be used in biochemical studies to understand molecular interactions and pathways, aiding in the design of novel treatments.