This compound is primarily utilized in the field of medicinal chemistry due to its potential biological activities. It has been studied for its role as a precursor in the synthesis of various pharmacologically active molecules, particularly those targeting enzymes or receptors involved in disease pathways. Its structural features make it a candidate for developing compounds with anti-inflammatory, antimicrobial, or anticancer properties. Researchers often explore its derivatives to optimize efficacy and selectivity for therapeutic applications. Additionally, it may serve as a key intermediate in the preparation of heterocyclic compounds, which are valuable in drug discovery and development.