This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its unique structure allows it to be a precursor in the development of potential therapeutic agents, particularly those targeting inflammatory and infectious diseases. Researchers have explored its derivatives for their antimicrobial and anti-inflammatory properties, making it a valuable scaffold in drug discovery. Additionally, it has been investigated for its potential use in creating novel compounds with applications in treating chronic conditions, such as autoimmune disorders. Its versatility in chemical reactions also makes it a useful building block in organic synthesis for creating complex heterocyclic compounds.