This chemical is primarily utilized in the field of medicinal chemistry due to its potential biological activities. It is often studied for its antimicrobial, antifungal, and anticancer properties, making it a candidate for the development of new therapeutic agents. Researchers explore its derivatives to enhance efficacy and selectivity against specific pathogens or cancer cells. Additionally, it is investigated for its role in synthesizing novel compounds with potential applications in drug discovery and development. Its unique structure allows it to interact with various biological targets, contributing to its versatility in pharmaceutical research.