Used primarily in research and development for its potential biological activities, this compound is explored for its antimicrobial properties. It serves as a key intermediate in the synthesis of more complex molecules that may exhibit therapeutic effects. Additionally, it is studied in the context of organic synthesis, where its unique structure aids in the development of novel chemical reactions and pathways. Its application in material science is also noted, particularly in the creation of specialized coatings and polymers that require specific chemical functionalities.