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 heterocyclic compounds, which are often explored for their pharmacological properties. Researchers have investigated its role in developing molecules with antimicrobial, antifungal, and anti-inflammatory effects. Additionally, its structural framework is of interest in designing inhibitors for specific enzymes or receptors, making it valuable in drug discovery and development. Its application extends to the study of structure-activity relationships to optimize the efficacy and selectivity of therapeutic agents.