This compound is primarily utilized in the field of medicinal chemistry due to its potential biological activities. It serves as a key intermediate in the synthesis of various pharmacologically active molecules, particularly those targeting antimicrobial, anti-inflammatory, and anticancer properties. Researchers explore its derivatives for developing new drugs that can inhibit specific enzymes or pathways involved in disease progression. Additionally, its structural framework is valuable in designing compounds for studying structure-activity relationships (SAR) to optimize therapeutic efficacy. Beyond pharmaceuticals, it may also find applications in agricultural chemistry as a precursor for developing novel pesticides or herbicides.